statistics
Journal
five-year financial highlights
statistics
Journal
operating review
41
BAKER TECHNOLOGY LIMITEDANNUAL REPORT 2012
40
BAKER TECHNOLOGY LIMITEDANNUAL REPORT 2012
REVENUE (S$’000)
NETORDERBOOK (US$’M)
SHAREPRICEPERFORMANCE
(S$)
PROFITAFTER TAX (S$’000)
SHAREHOLDERS’ EQUITY (S$’000)
FY
12
11
10
09
08
FY
12
11
10
09
08
FY
12
11
10
09
08
FY
12
11
10
09
08
Price on 31/12/2012: 0.325
High on 22/4/2010: 0.565
Low on 24/10/2008: 0.095
The Group reported record revenue of almost S$100
million for FY2012, and more than a ten-fold increase
in net profit to S$81.6 million.
2008
2009
2010
2011
2012
Overview
The increase innet profitwas largelyattributable togains
from disposal of two investments. In March 2012, The
Group completed the divestment of its remaining 49%
stake in York Transport Equipment (Asia) Pte Ltd (“York”),
realising a S$10.9 million gain from the disposal. In
May2012, theHighCourt dismissed the claimsmadeby
SembcorpMarine Ltd (“SCM”) in its judgment of the suit
relating to the disposal of PPL Holdings Pte Ltd (“PPLH”)
to QD Asia Pacific Ltd. (“QD”). As a result, the Group
was finally able to recognise the deferred gain on the
disposal of PPLH of S$58.2million in FY2012.
TheGroup’s principal activity is in themanufacture and
provision of specialisedmarine offshore equipment and
services for the oil and gas industry. Marine Offshore
revenue grew 21% to a record S$98.2 million, due to
the progressive recognition of orders secured in late
2011 and early 2012. Pre-tax profit was marginally
higher due to the higher revenue achieved.
marineoffshore
2012 2011 % chg
S$’000 S$’000
Revenue
98,244 81,147
21%
EBITDA
21,534 21,099
2%
Pretax Profit
20,040 19,423
3%
88,850
98,244
81,147
79,245 74,381
48,427
27,401
30,764
7,631
81,591
171,791
166,285
80
187,133
33
57
268,143
49
7
77,253
- 0.600
- 0.500
- 0.400
- 0.300
- 0.200
- 0.100
- 0.000
