Osim FR 050407.indd

Financial HighlightsOur goal is to grow to 3,000 outlets by 2013Summarised Profit & Loss AccountYear Ended 2002 2003 2004 2005 2006S$’000 S$’000 S$’000 S$’000 S$’000RestatedTurnover 239,162 287,362 332,157 502,504 622,936Operating profit 37,251 37,236 40,636 55,309 81,911Profit before tax 22,491 29,087 35,325 51,416 43,612Net profit after tax 17,145 24,077 30,575 46,693 33,802Analysis:Turnover growth 43% 20% 16% 51% 24%Net profit growth 28% 40% 27% 53% (28%)Earnings per share 3.90 5.40 6.84 8.68 6.25(cents)Turnover Record revenue of $623 million due to continuefocus on a strong OSIM brand, effective and directcontrol over an expanding global point-of-salesnetwork and higher consumer demand forinnovative healthy lifestyle products.Earnings OSIM, Brookstone and Global Active are profitable. When OSIM equity accounts its share ofBrookstone's result under SFRS (SingaporeFinancial Reporting Standards), the rules aredifferent from US GAAP. It has to recognisecumulative dividend payment to preferenceshareholders as a finance interest expense. Afteraccounting for Associates and Joint Venture usingthis methology, Group net profit after tax declined28% to $33.8 million in FY 2006.700,000Turnover (S$’000)50,000Net Profit After Tax (S$’000)10.00Earnings Per Share (cents)600,000500,000400,000300,000200,000100,0002002200320042005200645,00040,00035,00030,00025,00020,00015,00010,0005,000200220032004200520069.008.007.006.005.004.003.002.001.00200220032004200520060.00Financial Highlights 37 Annual Report 2006