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Spindex Industries reports FY09 Results (28 Aug 09)

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  • Revenue: -20%
  • Net Profit: -21%
  • Outlook: The Group anticipates that business conditions will remain challenging in FY2010.
  • The Group will continue to monitor market developments closely so that appropriate actions can be taken promptly to mitigate any adverse impact on the Group’s performance.
  • Cost and liquidity management continue to be important priorities in FY2010.
  • Inspite of the volatile business environment, the Group remains focused on its customer-centric strategy.
  • New projects from existing customers can be expected in FY2010.
  • The Group is also working to improve revenue by expanding its customer base in selected markets.
  • With a strong balance sheet, the Group is well positioned to continue to meet future challenges as well as capitalise on new business opportunities should they arise.

FINANCIAL RECORDS

Revenue (SGD '000)

FY 1H 2H Total
2009 40,075 23,780 63,855
2008 38,002 41,331 79,333
2007 33,861 38,623 72,484
2006 27,592 28,194 55,786
2005 25,996 22,063 48,059
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Earnings (SGD '000)

FY 1H 2H Total

2009 2,640 1,951 4,591
2008 2,604 3,192 5,796
2007 2,123 3,132 5,255
2006 1,334 885 2,219
2005 1,276 225 1,501
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Dividends

FY Interim Final Special (SGD)
2009 NA 0.014 NA
2008 0.005 0.010 NA
2007 NA 0.014 NA
2006 NA 0.007 NA
2005 NA 0.004 NA
2004 0.005 0.01 NA
2003 0.004 0.005 NA
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Bonus / Rights / Stock Split

Date Type Details

NA
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Share Data (SGD)

NAV = $0.4629
EPS = $0.0398 (12M FY09)
No of Shares = 115,365,000
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA



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