6 Feb 09 – CSC Posts 10% Rise in Net Profit for First Nine Months of FY09

Outlook < info from sgx >

The Building and Construction Authority of Singapore recently estimated that total construction

demand for calendar year 2009 will be between $22 billion and $28 billion. This estimate is

comparable to the construction demand in 2007 and at the higher end of construction demand

in the past 15 years. This is in line with the government’s efforts to provide stability by initiating

a number of new infrastructure-related projects and bringing forward some public sector

projects that were previously postponed.

To further enhance its competitiveness, CSC will seek new ways of improving its management

of manpower and equipment resources, as well as its cost structure and cash flow. Leveraging

on its leadership position in Singapore, and presence in Malaysia, the Middle East and

Vietnam, the Group continues to tender for contracts both locally and abroad.

As at 1 February 2009, the Group’s order book was approximately $190 million, with most of

the projects to be completed within the next 12 months.