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Portek net profit up more than doubled to $8.6 million for FY09 (26 Aug 09)

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  • Revenue: -1.0%
  • Net Profit: +119.3%
  • Press Release: FY09 revenue relatively unchanged from FY 08.
  • Revenue from Port Operations and Management (“POM”) increased by 17.7% from $75.3 million to $88.6 million or 63.8% of the Group’s revenue
  • Greater margins achieved through efficiency improvements in port operations and engineering project execution
  • Net profit attributable to shareholders more than doubled from $3.9 million to $8.6 million.
  • Outlook: The Group will focus its efforts in the immediate term on increasing its efficiencies and productivity.
  • The Group is also mindful of the current global economic uncertainties, and will embark on selective expansions in terminal operations opportunities.

FINANCIAL RECORDS

Revenue (SGD '000)

FY 1H 2H Total

2009 77,998 60,891 138,889
2008 62,418 75,644 138,062
2007 46,645 55,395 102,040
2006 50,264 63,997 114,621
2005 34,052 40,605 74,657
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Earnings (SGD '000)

FY 1H 2H Total

2009 3,702 4,896 8,598
2008 (1,489) 5,054 3,919
2007 1,707 (2,709) 1,002
2006 3,191 5,890 9,081
2005 3,325 5,692 9,017
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Dividends

FY Interim Final Special (SGD)

2009 NA 0.01770 NA
2008 NA 0.00807 NA
2007 NA 0.00207 NA
2006 NA 0.01910 NA
2005 NA 0.01780 NA
2004 NA 0.02440 NA
2003 NA 0.00880 NA
2002 NA 0.01720 NA
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Bonus / Rights / Stock Split

Date Type Details
NA
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Share Data (SGD)

NAV = $0.4171
EPS = $0.059 (12M FY09)
No of Shares = 145,765,960
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date

NA



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