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Oceanus’ profit up 16% to RMB209.3 million for the half-year ended 30 June 2009 (27 Jul 09)

Labels:

  • Revenue: -44% (2Q09), -24% (1H09)
  • Net Profit: NM (2Q09), NM (1H09)
  • Outlook: The Group successfully raised S$73.5 million in a recent fund raising exercise, the proceeds of which will be used to expand the Group’s three activities – production, processing and retail.
  • The directors believe that the prospects of the marine aquaculture industry in the PRC remain positive.
  • The Group will continue to expand its operations and sales in the PRC.
  • With its economies of scale in production, the Group is able and well placed to provide more affordable live abalones and abalone products to cater to the needs and demands of an ever affluent growing middle class.
  • The Group will grow the sea cucumber commercially with the abalones in all the tanks in 4Q2009 when the weather is cool and suitable for growing these sea cucumbers.

FINANCIAL RECORDS

Revenue (RMB '000)

FY 1Q 2Q 3Q 4Q Total

2009 175,740 73,468
2008 80,003 130,810 186,733 113,212 522,980
2007 NA NA 48,865 117,495 227,503
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Earnings (RMB '000)

FY 1Q 2Q 3Q 4Q Total

2009 107,930 79,465
2008 57,934 (36,661) 158,722 13,457 193,452
2007 NA NA 31,094 94,084 169,271
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Dividends

FY Interim Final Special (RMB)

NA
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Bonus / Rights / Stock Split

Date Type Details

NA
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Share Data (RMB)

NAV = $0.603
EPS = $0.1062 (6M FY09)
Diluted EPS = $0.1062 (6M FY09)
No of Shares = 1,765,041,840
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date

NA



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