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For 1H2010, the Group’s net profit attributable to shareholders rose 22.3% to
S$3.95 million led by an increased share of associate profits from Standard
Water Limited (“SWL”) to S$3.7 million in 1H2010 from S$1.7 million in
1H2009.
As at 30 June 2010, CNA’s order book stood at S$48 million, of which S$35
million are new orders.
Also, at 30 June 2010, CNA reported increases in basic earnings per share to
2.01 S cents from 1.70 S cents and in net asset value per share to
36.46 S cents from 32.52 S cents.
Separately, CNA also updated that KPMG’s audit of the consolidated financial
statements of SWL for financial years ended 2008 and 2009 had been
significantly completed. Based on the latest management accounts of SWL
Group, CNA’s share of SWL profits amounted to S$5.6 million and S$9.7
million for the financial years ended 31 December 2008 and 2009
respectively.
On outlook, the Group updated that it has stepped up its marketing initiatives
and has been making rapid strides towards the final stages of bidding for
major projects in Singapore and Vietnam.
Hence with many regional and global markets gradually recovering, CNA
anticipates a sustainable full year performance.
-End-
Important --This press release is to be read in conjunction with the Company’s exchange filing of
2Q/1H2010 results announcement, which can be downloaded from www.sgx.com via listed company
announcements
.
About CNA Group Ltd.
The Group also provides system maintenance and value-enhancement services and
the sale of environmental control and engineering products.
Headquartered in Singapore, CNA has direct presence in many countries of Asia and
the Middle East.