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SUMMARY CONSOLIDATED FINANCIAL INFORMATION
The following tables present our selected consolidated financial information as at and for the years ended
31 December 2005, 2006, 2007 and the five months ended 31 May 2007 and 2008. The following discussion
should be read in conjunction with our audited consolidated financial statements for FY2005, FY2006 and
FY2007 and the notes thereto and our unaudited condensed consolidated financial statements for the five
months ended 31 May 2008 and the related notes thereto and all other financial information which are
included elsewhere in this document. You should also see the section of this document entitled “Management’s
Discussion and Analysis of Financial Condition and Results of Operations”. We derived the summary financial
information presented below from our audited consolidated financial statements for FY2005, FY2006 and
FY2007 and our unaudited condensed consolidated financial statements for the five months ended 31 May
2007 and 2008. Our condensed consolidated financial statements for the five months ended 31 May 2007 have
not been audited or reviewed. Prospective investors should note that our results for the five months ended
31 May 2008 are not necessarily indicative of the results that we will achieve for the year ending 31 December
2008. Our unaudited condensed consolidated financial statements for the five months ended 31 May 2007 and
2008 have been prepared on the same basis as our audited consolidated financial statements for FY2005,
FY2006 and FY2007. Our consolidated financial statements were prepared and presented in accordance with
SFRS.
We have prepared our financial statements in accordance with SFRS, which may differ in certain
significant respects from generally accepted accounting principles in other countries.
Consolidated Profit and Loss Statements
Financial Years Ended 31 December Five Months Ended 31 May
2005 2006 2007 2007 2007 2008
S$ S$ S$ US$
(Unaudited)
S$
(Unaudited)
S$
(Unaudited)
(In thousands except per Share data)
Revenue. ................... 54,689 147,255 314,024 230,900 86,308 219,533
Cost of sales . ................ (48,591) (125,879) (232,326) (170,828) (71,293) (162,467)
Gross profit ................. 6,098 21,376 81,698 60,072 15,015 57,066
Other income (expense). ........ (969) 429 (8,045) (5,916) 1,554 (12,853)
Administration expenses ........
Share of profits (losses) of
(3,034) (5,270) (12,356) (9,085) (4,753) (7,448)
associates . ................ — — (268) (197) — 4,571
Finance costs ................ (2,042) (2,383) (5,905) (4,342) (1,067) (4,919)
Profit before income tax ....... 53 14,152 55,124 40,532 10,749 36,417
Income tax expense. ........... (462) (449) (1,449) (1,065) (649) (500)
Profit (Loss) for the period ..... (409) 13,703 53,675 39,467 10,100 35,917
Attributable to Equity holders of
our Company .............. 3,082 20,200 41,927 30,829 8,964 32,711
Minority interests ............. (3,491) (6,497) 11,748 8,638 1,136 3,206
(409) 13,703 53,675 39,467 10,100 35,917
Earnings per Share (1) attributable
to equity holders of our
Company (expressed in cents
per Share)
Basic ...................... 0.32 2.07 4.30 3.16 0.92 3.35
Diluted (2) ................... 0.26 1.71 3.55 2.61 0.76 2.77
Notes:
(1) We calculated our earnings per Share based on the number of Shares outstanding prior to the completion
of the Offering and after (i) deducting the amount of our profit attributable to minority interests and
(ii) giving effect to the Share Split described in the section “Description of Share Capital”.
(2) As adjusted for the issue of 206,045,000 New Shares.
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