surpassing the $1-billion mark in a quarter for the first time on broad-based expansion acrossTurnover and net profit jumped to another all-time quarterly high

Q2 08 Q2 07 Chg 1H08 1H07 Chg

S$’000 S$’000 S$’000 S$’000

Turnover 1,047,137 512,341 +104% 1,764,793 868,127 +103%

Gross profit 245,438 152,199 +61% 446,060 244,689 +82%

Pre-tax profit 218,175 138,895 +57% 366,835 206,345 +78%

Net profit attributable

to equity holders

128,701 80,381 +60% 212,585 122,335 +74%

EPS-fully diluted

(cents)

5.72 3.57 +60% 9.45 5.49 +72%

Highlights:

•

quarter for the first time on broad-based expansion across all key

segments.Turnover soared 104% to $1.05 billion, surpassing the $1-billion mark in a

•

driven by high-value offshore & conversion and shipbuilding projects.Ship repair, ship building & marine engineering turnover jumped 112%

•

expansion and operational efficiencies.Net profit attributable to equity holders rose 60% on successful business

•

expansion support positive outlook.Strong order book, efficiency & capability enhancement and capacity

• Healthy