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Healthway Medical Registers Net Profit of S$8.11 Million for Six Months Ended 30 June 2009 (12 Aug 09)

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  • Revenue: +48.8% (2Q09), +47.4% (1H09)
  • Net Profit: +45.0% (2Q09), +81.2% (1H09)
  • Press Release: Profit after tax rose 81.2% to S$8.11 million
  • Group revenue achieved 47.4% growth to $48.14 million
  • Strong performance underpinned by effects of the completion of acquisitions of the acquired entities in June 2008 and better performances in all practice groups.
  • Healthway declares an interim dividend of 0.12 cents per share
  • Outlook: As market conditions improve, the Group expects demand for private healthcare services to increase.
  • The Group will continue to manage its operating costs prudently in order to deliver affordable and high value added healthcare services profitably.
  • In addition, the Group will continue to identify avenues to increase the scope of its primary care, specialist and wellness medical services to make them even more accessible for its patients.
  • The Group will continue to introduce more fixed fee programmes for medical procedures to enhance its patients' value for money experience.
  • With this focus, the Group expects further growth as the economy improves.

FINANCIAL RECORDS

Revenue (SGD '000)

FY 1Q 2Q 3Q 4Q Total

2009 23,687 24,453
2008 16,235 16,428 23,848 24,392 80,903
2007 NA NA 14,650 15,962 42,797
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Earnings (SGD '000)

FY 1Q 2Q 3Q 4Q Total

2009 3,771 4,336
2008 1,484 2,990 2,751 2,332 9,555
2007 NA NA 2,230 2,692 5,602
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Dividends

FY Interim Final Special (SGD)

2009 0.0012
2008 NA 0.0012 NA
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Bonus / Rights / Stock Split

Date Type Details
NA
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Share Data (SGD)

NAV = $0.1047
EPS = $0.006 (6M FY09)
Diluted EPS = $0.006 (6M FY09)
No of Shares = 1,355,000,000
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA



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