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• Revenue: -16.4% (2Q09), -7.5% (1H09)
• Net Profit: -13.3% (2Q09), -15.1% (1H09)
• Press Release: Generates 2Q2009 revenue of S$175.3m and net profit of S$28.0m
• Achieves 2Q2009 gross profit margin of 15.4% and net profit margin of 16.0%
• Group to focus on growing ship chartering business in the coming months
• Order book stands at S$646.9m as of 30 June 2009
• Outlook: The external market and economic conditions remain difficult.
• The Group has been affected by a quieter market for new vessel orders, lower charter rates and cancellation of certain shipbuilding contracts.
• The Group's order book for new vessels stands at S$646.9 million as at 30 June 2009 and it is focused on the execution and completion of these projects.
• Simultaneously, the Group's chartering fleet expanded and it expects this segment to increasingly contribute to its bottom line.

FINANCIAL RECORDS

Revenue (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2009 71,741 175,318
2008 57,302 209,793 NA 126,245 483,599
2007 NA NA NA 64,827 314,024
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Earnings (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2009 6,550 28,013
2008 8,392 32,316 NA 10,015 56,848
2007 NA NA NA (830) 41,927
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Dividends

FY Interim Final Special (SGD)
NA
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Bonus / Rights / Stock Split

Date Type Details
NA
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Share Data (SGD)

NAV = $0.2168
EPS = $0.0418 (6M FY09)
No of Shares = 1,187,285,000
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA