Boustead

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Financial Year-end: 31th March.

2003 2004 2005 2006 2007


Revenue 197,501 227,006 227,224 289,266 343,862
Cost of sales -118,700 -143,346 -147,341 -180,208 -226,666
Gross profit 78,801 83,660 79,883 109,058 117,196

Expenses
Selling and distribution expenses -14,200 -13,655 -19,962 -21,959 -23,433
Administrative expenses -33,175 -32,901 -27,499 -28,146 -40,622
Other operating expenses -12,297 -10,878 -11,993 -10,783 -9,754
Finance costs -1,508 -1,758 -1,629 -2,533 -1,448
Total Expenses -61,180 -59,192 -61,083 -63,421 -75,257

Operating Profit 17,621 24,468 18,800 45,637 41,939


Other operating income 1,293 3,641 24,214 6,219 12,003
Exceptional items 5,002 489 - - -
Share of results from associates -3,919 -304 -4,023 2,637 16
Profit before income tax 19,997 28,294 38,991 54,493 53,958
Income tax expense -1,122 -8,642 -12,584 -15,841 -14,162
Profit for the year 18,875 19,652 26,407 38,652 39,796

Attributable to:
Shareholders of the company 8,583 13,316 14,900 24,891 35,245
Minority interests 10,292 6,336 11,507 13,761 4,551

Basic earnings per ordinary share 4.40 6.30 6.20 9.90 13.90
Fully diluted earnings per ordinary share 4.10 5.80 6.10 9.80 13.70

Note 1-Adjusted to reflect share split of each ordinary share into two ordinary shares effected on 21 August 2008

EBIT 18,489 26,536 37,362 51,960 52,510


2008 2009 2010 2011 2012 2013
438,279 516,625 438,398 560,572 408,695 513,198
-302,587 -373,575 -305,782 -382,492 -262,667 -335,796
135,692 143,050 132,616 178,080 146,028 177,402

-20,912 -28,020 -24,272 -30,819 -31,802 -35,577


-40,559 -55,397 -43,262 -44,477 -44,199 -46,988
-9,659 -10,356 -11,287 -32,896 -14,313 -21,908
-1,077 -2,184 -995 -613 -845 -1,170
-72,207 -95,957 -79,816 -108,805 -91,159 -105,643

63,485 47,093 52,800 69,275 54,869 71,759


12,549 10,065 4,758 4,298 17,059 25,664
- - - - - -
-323 24,228 1,406 - - -
75,711 81,386 58,964 73,573 71,928 97,423
-17,711 -15,902 -11,838 -14,995 -13,512 -12,943
58,000 65,484 47,126 58,578 58,416 84,480

51,487 60,113 43,066 52,235 55,584 81,357


6,513 5,371 4,060 6,343 2,832 3,123

10.06 11.68 8.51 10.32 11.00 16.20


9.97 11.67 8.49 10.30 11.00 16.20

74,634 79,202 57,969 72,960 71,083 96,253

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