Key Points
- Net profit improved 7.8% to S$346 million, compared to 1Q 2010’s S$321 million (restated).
- Earnings Per Share of 21.5 cents, up 7% from 1Q 2010’s 20.1 cents.
- Annualised ROE of 19.3%.
- Economic Value Added of S$225 million.
- Cash outflow of S$20 million.
- Net cash remains at 0.02x.
- The Offshore & Marine Division has secured $4.5 billion worth of new orders in the first quarter, more than what was secured for the whole of 2010. Since then, in the first weeks of April, it has secured a few more contracts, bringing the total of new orders secured year to date to $5 billion.
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