GMG attributable earnings up 65.6%

Revenue increased 185% YoY to S$S$1.2 billion in FY2011 from S$418.7 million in FY2010 on higher rubber ASP and volume

Rubber ASP prices rose 12% YoY to S$5,296 per ton in 4Q11 from S$4,729 per ton in 4Q10

Rubber ASP rose 34.5% from S$4,292 per ton in FY2010 to S$5,771 per ton in FY2011

Tonnage sold increased 91.6% from 30,624 mt in 4Q10 to 58,678 mt in 4Q11

Rubber tonnage increased 112.1% from 97,548mt in FY2010 to 206,948mt in FY2011



Gross profit increased 63% from S$104.7 million in FY2010 to S$170.7 million in FY2011

Gross profit margin dipped 11 percentage points to 14.3% due to the significant increase in Group’s tonnage from processing facilities from Teck Bee Hang


Maintains healthy balance sheet with low gearing and net cash position

Group remains positive on the fundamentals and longer term prospects of natural rubber