CEREBOS ANNOUNCES FY 2011 DIVIDEND OF 25.0 CENTS ON BACK OF S$100.1 MILLION FULL YEAR EARNINGS
Cerebos News Release
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news release final
FOR IMMEDIATE RELEASE Contact : Daniel Quek
+65-62120289
CEREBOS ANNOUNCES FY 2011 DIVIDEND OF 25.0 CENTS
ON BACK OF S$100.1 MILLION FULL YEAR EARNINGS
*Full Year Results - Key Data:
Turnover at S$977.0 million
Operating Profit at S$158.1 million
Net Profit at S$100.1 million
Earnings per share at 31.55 cents
Return on Shareholder's Fund at 22.9 %
*4th Quarter Results - Key Data:
Turnover up 2% at S$276.8 million
Operating Profit down 3% at S$58.4 million
Net Profit down 20% at S$34.1 million
*Note: The current financial year covers a 12-month period
from 1 January 2011 to 31 December 2011 and comparison is
against the previous FY 2010 which is a 15-month period from
1 October 2009 to 31 December 2010.
[ Singapore - 30th January 2012 ] Cerebos Pacific Limited
today announced a full year FY2011 net profit of S$100.1
million (All comparisons are against 15-months period FY2010:
S$145.6 million) on a turnover of S$977.0 million (FY2010:
S$1.2 billion). All three of Cerebos' core businesses of
Health Supplements, Coffee and Sauces showed reasonable
growth for their respective segments. Group Operating Profit
was S$158.1 million (FY2010 : S$199.0 million). Return on
Shareholders' Funds was 22.9% compared to 26.6%
previously.
For the Health Supplements Division (Asia), top line was
S$583.6 million (FY2010: S$706.4 million). Operating profit
was S$152.6 million (FY2010 : S$188.1 million). The Food &
Coffee Division (Australasia) turnover for the full year was
S$393.4 million (FY2010: S$488.3 million). Operating profit
was S$21.4 million (FY2010 : S$26.9 million).
The Group's Fourth Quarter FY2011 turnover improved by 2%.
Excluding the translation loss of S$4.7 million, turnover
would have been 4% higher. The Group's 4th Quarter Operating
Profit was 3% lower and Net Profit was 20% lower. Excluding
the translation loss of $2.5M, OP would have improved by 1%
as compared to the previous corresponding quarter.
Sales for the Health Supplement Division, excluding
translation loss of $6.5M, would have improved by 3%, with
Thailand being the largest contributor.
Sales were adversely affected by distribution disruptions as
a result of the widespread flooding in Thailand, the Group's
largest market and also by the continued impact from the
Taiwan nationwide food contamination scare. OP for the Health
Supplement Division for the quarter ended 31 December 2011,
excluding the translation loss of $2.6M, would have been 3%
higher than the previous corresponding quarter.
Sales for the Food & Coffee Division , would have been 7%
higher than the previous corresponding quarter if the
translation gain of $1.8M was to be excluded, mainly from
better sales in the coffee category. OP for the Food & Coffee
Division for the quarter ended 31 December 2011 grew by 13%
mainly attributable to better sales contributions from the
coffee and sauces categories and lower advertising spend.
The Board of Directors is recommending a first and final
dividend of 6.0 cents per share, tax exempt one-tier. (First
& final 6.0 cents per share; tax exempt one-tier in
FY2010).
The Board is also recommending a bonus dividend of 19.0 cents
per share; tax exempt one-tier. (FY2010: 26.0 cents; tax
exempt one-tier) in recognition of the staunch support from
shareholders.
Commenting on the results and giving his outlook for the
coming year, Mr. Koike said: "Despite a challenging year
faced with increases in raw material prices, natural
disasters and an uncertain economic environment, the Group
was able to manage the negative impacts to deliver
satisfactory earnings. The Group's resilience is attributable
to its continued strategy of investing for long term
sustainable growth. While the economic outlook for the coming
year remains challenging, the Group will continue to invest
in brand building, research & development and quality
assurance in line with its strategy of investing for long
term sustainable growth."
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ABOUT CEREBOS
Cerebos Pacific Limited is a leading food and health
supplements enterprise with its corporate headquarters in
Singapore. It is a company listed on the Singapore Exchange
Securities Limited, providing management services to
subsidiary and associate companies in the Asia Pacific.
Its flagship product, BRAND'S Essence of Chicken is the
category leader. Its main markets are Thailand, Taiwan,
Singapore, Malaysia, Hong Kong and China. More than 150
million bottles of BRAND'S products were sold last year.
BRAND'S health supplements tablets range has 18 variants. In
Australasia, Cerebos' products include gravies, sauces,
coffee and cooking aids marketed under well known brand names
including Fountain, Gravox, Robert Harris, Toby's Estate and
Gregg's.
Cerebos' homepage address is http://www.cerebos.com
BRAND'S homepage address is http://www.brandsworld.com
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Attached :
Cerebos Pacific Limited Full Year Financial Statement
Announcement for FY 2011.
Media Contact : Daniel Quek - Tel: +65-62120289 DID ; email:
dq@cerebos.com.sg
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