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• Revenue: +40%
• Net Profit: -16%
• Press Release: Revenue grew 40% to S$440.5 million
  Maintains solid cash position of S$52.4 million with negligible gearing
• Outlook: Whilst the long term prospects of the industries which the Group operates in remains promising, with the current global economic uncertainties, many corporations have taken a more cautious approach in rolling out new projects.
• However, the Group has also observed that investments in oil and gas projects in markets it operates in have largely continued and remain active, especially those by multi-national or state-owned corporations.
• The Group believe that there are still opportunities for new projects, and the Group will continue to explore and pursue these opportunities with its customers.
• As at 31 August 2009, the Group has an order book for on-going project works of approximately S$150 million.
• A substantial part of these on-going and new project works are expected to be completed and recognised as revenue in FY2010.
• In addition to this, the Group has its existing on-going long term maintenance contracts with a number of key customers in the oil, petrochemical and pharmaceutical industries which will continue to provide the Group with a steady and positive contribution to our revenue and income.
• The Group envisage the operating environment for FY2010 to be challenging and price competition to remain keen and this may impact its gross profit margin and operating results.
• Barring unforeseen circumstances, the Group expects to remain profitable in FY2010.

FINANCIAL RECORDS

Revenue (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2009 NA NA NA NA 440,479
2008 NA NA NA NA 314,647
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Earnings (SGD '000)

FY 1Q 2Q 3Q 4Q Total
2009 NA NA NA NA 20,964
2008 NA NA NA NA 25,098
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Dividends

FY Interim Final Special (SGD)
2009 NA 0.0457 NA
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Bonus / Rights / Stock Split

Date Type Details
NA
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Share Data (SGD)

NAV = $0.60
EPS = $0.12
Diluted EPS = $0.12
No of Shares = 175,000,000
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ANALYSTS' TARGET PRICES

Broker Recommendation Target Price Date
NA