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MERCATOR SINGAPORE REPORTS A NET PROFIT OF USD 10 MILLION (29 Jul 09)
- Revenue: -31% (1Q10)
- Net Profit: -57% (1Q10)
- Press Release: Revenue declined by 31% to US$ 35.5 million.
- EBITDA excluding exceptional items dropped by 35% to US$ 20.3 million.
- Outlook: The Group believes that the sustenance of the current freight rates could be positive for them, but the revenues and profits from the new long term contracts negotiated during these times would continue to be adversely affected.
- Notwithstanding the challenges in FY2010, the group will continue to leverage on its strong relationships and positioning to explore growth opportunities.
FINANCIAL RECORDS
Revenue (USD '000)
FY 1Q 2Q 3Q 4Q Total
2010 35,471
2009 51,741 55,807 42,406 36,184 186,138
2008 20,278 38,199 43,069 44,688 146,234
2007 NA NA 20,905 24,022 85,146
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Earnings (USD '000)
FY 1Q 2Q 3Q 4Q Total
2010 10,022
2009 23,238 24,948 13,070 14,586 75,842
2008 1,394 12,834 14,380 23,599 52,208
2007 NA NA 2,422 8,879 12,946
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Dividends
FY Interim Final Special (SGD)
2009 NA 0.0116 NA
2008 NA 0.0105 NA
2007 NA NA NA
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Bonus / Rights / Stock Split
Date Type Details
NA
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Share Data (USD)
NAV = $0.28
EPS = $0.008 (3M FY10)
Diluted EPS = $0.008 (3M FY10)
No of Shares = 1,245,155,161
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ANALYSTS' TARGET PRICES
Broker Recommendation Target Price Date
NA
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