Thomson Medical – 1H07

Financial Data
All the data are extracted from the results,

FY04

1H05

FY05

1H06

FY06

1H07

Revenue

36,378

19,040

41,176

22,437

46,513

24,259

GP

14,428

7,975

17,399

9,370

19,670

10,254

PBT

4,605

2,967

6,565

4,137

8,678

5,228

Net Profit

3,932

2,792

5,329

3,288

6,771

4,432

NPM

10.81%

14.66%

12.94%

14.65%

14.56%

18.27%

Cash

7,853

11,840

10,976

9,996

14,046

12,481

Loan – NCL

27,700

16,700

9,800

9,120

8,440

7,760

Loan – CL

2,000

2,000

1,360

1,360

1,360

1,360

NAV (ct)

25.01

25.05

26.56

26.80

29.50

27.23

EPS (ct)

1.48

1.05

2.24

1.24

2.56

1.52

DPS (ct)

1.0

0.5

1.2255

1.5

Notes :

  • All figures in S$,000 unless otherwise stated
  • FY is end-Aug
  • 1-for-10 Bonus Issue for FY06
  • FY04 is Pre-IPO

Result Highlights

  • Continues to see Increase in Patient Referrals from Specialists and Thomson Women Clinics
  • Increase in Deliveries and Inpatient Admission despite Closure of 2 Wards for Renovation
  • Hospital Consultancy Project in Vietnam Progressing Well – Started to Recognise Fees
  • Others – Lower Corporate Tax, Higher Interest Earned, Gain on Sale of Associated Co., Reduced Bank Borrowings

Forward Statements

  • Completed Renovation for 2 In-Patient Wards
  • Relocation of Admin Office – Vacated Area to be Converted to Medical Suites to Attract More Specialists
  • Continue to Pursue Opportunities for More Thomson Women Clinics
  • Hospital Consultancy in Vietnam – Piling to be Completed in Apr-07, Main Building Tender Award Expected in May-07. Will Recognise Consultancy Fees as Project Progresses
  • Will Continue to Seek Other Vietnam Opportunities

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