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Company FundamentalsCompany Fundamentals\Company Profile

A Wright Investors' Service Research Report:

Lion Asiapac Limited
COMPANY PROFILE

440 Wheelers Farms Road Milford, CT 06461 U.S.A.

Figures in Singapore Dollars
Wright Quality Rating:LANN Lion Asiapac Limited is an investment holding company. The principal activities of its subsidiaries consist of investment holding, as well as the design-in and distribution of semiconductors and related components, limestone processing and scrap metal trading. The Company operates in four business divisions: Limestone processing, Scrap metal trading, Electronic component distribution and Investment holding/others. Its limestone processing business is operated by its subsidiary, Compact Energy Sdn Bhd. Its scrap metal trading business is operated by LAP Trading and Marketing Pte Ltd. The electronics division was operated by AE Technol Pte Ltd. On May 25, 2010, the Company acquired a 10.3% interest in Mindax Limited (Mindax). On August 31, 2010, its subsidiary AE Technol Pte Ltd, had ceased its operations. Its other subsidiaries include Bright Steel Pte Ltd, Ternair Jaya Sdn. Bhd, Arbon Investment Pte Ltd, Aarau Investment Pte Ltd and Grenchen Investment Pte Ltd. Stock Chart Officers Non Executive Chairman Wok Othman Secretary Silvester Bernard Grant Secretary Yen Hui Tan Key Data Ticker: L08 2010 Sales: 43,772,000 Major Industry: Electronics Sub Industry: Diversified Electronics Country: Singapore Currency: Singapore Dollars Fiscal Year Ends: June Employees 3,799 Exchanges: SIN Share Type: Ordinary Stock Price (11/12/2010): 0.26 Recent stock performance 1 Week -1.9% 4 Weeks -5.5% 13 Weeks 8.3% 52 Weeks -18.8% Earnings / Dividends (as of 9/30/2010) Earnings 0.00 0.11 Ratio Analysis Dividends 0.10 0.11 Market Capitalization: 105,435,980 Total Shares Outstanding: 405,523,000 Closely Held Shares: 270,830,404

Most Recent Qtr Last 12 Months

Price / Earnings Ratio 2.36 Dividend Yield Price / Sales Ratio Price / Book Ratio 2.41 Payout Ratio 0.92 % Held by Insiders Address Phone +65 6745 9677 Home Page http://www.lionapac.com

42.31% 100.00% 66.79%

10 Arumugam Road 409957 SINGAPORE

Copyright ©2000-2010 Distributed by Wright Investors' Service, Inc. All Rights Reserved. Except for quotations by established news media, no pages on this site may be reproduced, stored in a retrieval system, or transmitted for commercial purposes, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise without prior written permission. Information is believed reliable, but accuracy, completeness and opinions are not guaranteed.

Company Fundamentals\Comparative Business Analysis

A Wright Investors' Service Research Report:

Lion Asiapac Limited
Provided By CorporateInformation.com
440 Wheelers Farms Road Milford, CT 06461 U.S.A.

Wright Comparative Business Analysis Report
Report Date: 11/12/2010 Company Description Lion Asiapac Limited is an investment holding company. The principal activities of its subsidiaries consist of investment holding, as well as the design-in and distribution of semiconductors and related components, limestone processing and scrap metal trading. The Company operates in four business divisions: Limestone processing, Scrap metal trading, Electronic component distribution and Investment holding/others. Its limestone processing business is operated by its subsidiary, Compact Energy Sdn Bhd. Its scrap metal trading business is operated by LAP Trading and Marketing Pte Ltd. The electronics division was operated by AE Technol Pte Ltd. On May 25, 2010, the Company acquired a 10.3% interest in Mindax Limited (Mindax). On August 31, 2010, its subsidiary AE Technol Pte Ltd, had ceased its operations. Its other subsidiaries include Bright Steel Pte Ltd, Ternair Jaya Sdn. Bhd, Arbon Investment Pte Ltd, Aarau Investment Pte Ltd and Grenchen Investment Pte Ltd. Competitor Analysis Lion Asiapac Limited operates within the Semiconductors and related devices sector. This analysis compares Lion Asiapac Limited with three other companies: Multi-Chem Ltd (2009 sales of 154.62 million Singapore Dollars [US$119.96 million] of which 82% was IT Distribution), Ultro Technologies Limited (2010 sales: 2.62 million Singapore Dollars [US$2.03 million] of which 96% was Natural Resources), and Europtronic Group Limited (2009 sales of 66.45 million Singapore Dollars [US$51.55 million] of which 68% was Distribution). Note: not all of these companies have the same fiscal year: the most recent data for each company are being used. Sales Analysis During the year ended June of 2010, sales at Lion Asiapac Limited were 43.77 million Singapore Dollars (US$33.96 million). This is a sharp decrease of 29.4% versus 2009, when the company's sales were 61.99 million Singapore Dollars. Contributing to the drop in overall sales was the 91.4% decline in Electronic Component Distribution, from 35.52 million Singapore Dollars to 3.07 million Singapore Dollars. . However, these declines were partially offset by the increase in sales of Limestone Processing (up 28.9% to 21.00 million Singapore Dollars) and Scrap Metal Trading (up 97.5% to 19.70 million Singapore Dollars) .
Recent Sales at Lion Asiapac Limited 106 94 62 70 62 44

2005 2006 2007 2008 2009 2010 (Figures in Millions of Singapore Dollars)

Sales of Electronic Component Distribution accounted for only 7% of sales in 2010, versus 100% in 2006. The company derives almost all of its revenues in Malaysia: in 2010, this region's sales were 41.14 million Singapore Dollars, which is equivalent to 94.0% of total sales. On a geographical basis, contributing to the decline in the company's sales in 2010 were the declines in Indonesia, where sales dropped 99.6% to 23,000.00 Singapore Dollars. Sales in Singapore were also lower, falling 87.6% (to 927,000.00 Singapore Dollars) . However, not all regions experienced a decline in sales. Sales in Malaysia increased 34.3% (to 41.14 million Singapore Dollars). The company currently employs 3,799. With sales of 43.77 million Singapore Dollars (US$33.96 million) , this equates

to sales of US$8,939 per employee. This company's employees do not appear to be very efficient in generating sales. The sales per employee levels at the three comparable companies vary greatly, from US$7,311 to US$211,564, as shown in the following table. Some of the variation may be due to the way each of these companies counts employees (and if they count subcontractors, independent contractors, etc). Sales Comparisons (Most Recent Fiscal Year) Company Lion Asiapac Limited Multi-Chem Ltd Europtronic Group Limited Year Ended Jun 2010 Sales Sales Sales/ (mlns) Growth Emp (US$) Largest Region 43.772 -29.4% 12.0% -6.0% 2.620 -78.3% 66.450 8,939 Malaysia (94.0%) 211,564 other countries (48.5%) 7,311 Indonesia (57.4%) 42,221 China (87.8%)

Dec 2009 154.623 Dec 2009

Ultro Technologies Limited Jun 2010

Recent Stock Performance For the 52 weeks ending 11/12/2010, the stock of this company was down 18.8% to 0.26 Singapore Dollars. During the past 13 weeks, the stock has increased 8.3%. During the 12 months ending 9/30/2010, earnings per share totalled 0.11 Singapore Dollars per share. Thus, the Price / Earnings ratio is 2.36. These 12 month earnings are lower than the earnings per share achieved during the last fiscal year of the company, which ended in June of 2010, when the company reported earnings of 0.19 per share. Earnings per share rose 2,027.6% in 2010 from 2009. This company is currently trading at 2.41 times sales. The three companies vary greatly in terms of price to sales ratio: trading from 0.35 times all the way up to 7.42 times their annual sales. Lion Asiapac Limited is trading at 0.92 times book value. Since the price to book ratio is less than 1, this means that theoretically, the net value of the assets is greater than the value of a company as a going concern. Summary of company valuations (as of 11/12/2010). Company Lion Asiapac Limited Multi-Chem Ltd Ultro Technologies Limited Europtronic Group Limited P/E 2.4 8.4 N/A N/A Price/ Price/ Book Sales 0.92 0.74 2.00 0.66 0.35 52 Wk Pr Chg -6.25%

2.41 -18.80% 7.42 -16.67% 0.41 -50.00%

The market capitalization of this company is 105.44 million Singapore Dollars (US$81.80 million) . Closely held shares (i.e., those held by officers, directors, pension and benefit plans and those shareholders who own more than 5% of the stock) amount to over 50% of the total shares outstanding: thus, it is impossible for an outsider to acquire a majority of the shares without the consent of management and other insiders. The capitalization of the floating stock (i.e., that which is not closely held) is 35.02 million Singapore Dollars (US$27.17 million) . Dividend Analysis During the 12 months ending 9/30/2010, Lion Asiapac Limited paid dividends totalling 0.11 Singapore Dollars per share. Since the stock is currently trading at 0.26 Singapore Dollars, this implies a dividend yield of 42.3%. None of the three comparable companies paid any dividends during the previous 12 months. Lion Asiapac Limited last raised its dividend during fiscal year 2006, when it raised its dividend to 0.04 Singapore Dollars from 0.01 Singapore Dollars. During the same 12 month period ended 9/30/2010, the Company reported earnings of 0.11 Singapore Dollars per share. This is the exact same amount as the company earned per share in 2010; thus, the company has used all of its profits to pay dividends, and will not use any of its profits to grow the business. Profitability Analysis On the 43.77 million Singapore Dollars in sales reported by the company in 2010, the cost of goods sold totalled 36.51 million Singapore Dollars, or 83.4% of sales (i.e., the gross profit was 16.6% of sales). This gross profit margin is better than the company achieved in 2009, when cost of goods sold totalled 92.1% of sales. In 2010, the gross margin was the highest of the previous five years (and in 2006 was as low as 3.8%). There was a wide variation in the gross profit margins at the three comparable companies, from 7.1% of sales to 21.7% of sales. The company's earnings before interest, taxes, depreciation and amorization (EBITDA) were 950,000.00 Singapore Dollars, or 2.2% of sales. This EBITDA margin is better than the company achieved in 2009, when the EBITDA margin was equal to -3.1% of sales. In 2010, earnings before extraordinary items at Lion Asiapac Limited were 75.06 million Singapore Dollars, or 171.5% of sales. This profit margin is an improvement over the level the company achieved in 2009, when the profit margin was 5.7% of sales. The company's return on equity in 2010 was 39.4%. This was significantly better than the 2.2% return the company achieved in 2009. (Extraordinary

25 113 90 712 169 22 38 N/A 114 Ultro Technologies Limited 2010 Europtronic Group Limited 2009 Industry Overview Copyright 2001-2010 The Winthrop Corporation Distributed by Wright Investors' Service.9% -10.8% 2.77 million Singapore Dollars in sales.00 Singapore Dollars and total liabilities (i. this is an improvement over June 2009. . All Rights Reserved Important Legal Notice THIS REPORT IS PROVIDED FOR GENERAL INFORMATION ONLY. or 2. Financial Position As of June 2010. NO REPRESENTATION OR WARRANTY IS MADE REGARDING THE ACCURACY.00 0.6% 7. RELIABILITY OR TIMELINESS OF THE CONTENT. the company had 22 days of inventory on hand (another way to look at this is to say that the company turned over its inventory 16.3% Company Lion Asiapac Limited Lion Asiapac Limited Multi-Chem Ltd Ultro Technologies Limited 2010 Europtronic Group Limited 2009 7. As of June 2010.28 million Singapore Dollars.items have been excluded). Electronic Component Distribution had the lowest operating profit margin in 2010.95 million Singapore Dollars. when Lion Asiapac Limited had 138 days of sales in accounts receivable.7% 10. when the company's inventory was 4.27 million Singapore Dollars.. During 2010. the company had only 43. at only 0. Profitability Comparison Gross Earns Profit EBITDA bef. equivalent to 27 days in inventory. This marks the third year in which Electronic Component Distribution had the lowest operating profit margins.21 million Singapore Dollars. Since the cost of goods sold was 36. the itemized operating profits at all divisions were 2.00 0.4% 171. In fact. the accounts receivable for the company were 13.7% of sales. the value of the company's inventory totalled 2.0% Lion Asiapac Limited reports profits by product line. 2010 2009 0. all monies owed) were 51. Year Margin Margin extra 2010 2009 2009 16.55 million Singapore Dollars.000. VISITORS SHOULD VERIFY INFORMATION WITH OTHER RELIABLE SOURCES.2% of total sales.e.51 million Singapore Dollars for the year.7% -1. Financial Positions Company Lion Asiapac Limited Multi-Chem Ltd LT Debt/ Days Days Year Equity AR Inv. with the operating profit showing a loss equivalent to 42. but its cash and short term investments as of June 2010 were 125.8% of sales.2% -3. which is equal to 5.34 million Singapore Dollars.1% -245.00 0.1% 7. during each of the previous 3 years. the company's long term debt was 18. The long term debt to equity ratio of the company is very low. In terms of inventory turnover.5 times per year). Limestone Processing has had the highest operating profits of all product lines at Lion Asiapac Limited. Of all the product lines.9 times the annual sales. IS NOT TO BE CONSIDERED AS INVESTMENT ADVICE AND SHOULD NOT BE RELIED UPON FOR INVESTMENT DECISIONS. This company has a large cash balance: in 2010. which is equivalent to 113 days of sales. Inc.7% -250. with operating profits equal to 20. This is an improvement over the end of 2009.9% 21. Limestone Processing had the highest operating profits in 2010. THE REPORTS ARE COMPUTER GENERATED AND MAY BE SUBJECT TO PROGRAMMATIC AND/OR CONTENT ERRORS. Inventory Analysis As of June 2010.5% -32.5% 5.00.

INDIRECT. WRIGHT INVESTORS' SERVICE. SPECIAL OR CONSEQUENTIAL DAMAGES. EXPRESS OR IMPLIED. NO MATTER WHAT THE CAUSE. .THIS REPORT IS PROVIDED AS IS. MODIFIED OR FRAMED WITHOUT PRIOR WRITTEN PERMISSION. IN NO EVENT WILL THE WINTHROP CORPORATION. INC. INCLUDING BUT NOT LIMITED TO WARRANTIES OF MERCHANTABILITY. CONTENT MAY NOT BE REPRODUCED. FITNESS FOR A PARTICULAR PURPOSE OR NON-INFRINGEMENT. OR ANY OF THEIR DATA PROVIDERS BE LIABLE FOR ANY DIRECT. DISTRIBUTED. WITHOUT WARRANTY OF ANY KIND. THE CONTENT OF THIS REPORT IS PROTECTED BY APPLICABLE COPYRIGHT LAWS.

00 0.4 0.6% 0.3 0. FRS 32 (REVISED2004).027. SAS 32 FOR FINANCIAL INSTRUMENTSDISCLOSURE AND PRESENTATION.19 0.4 0.01 0. or transmitted for commercial purposes.0% -5.9% -1. SAS 12 (REVISED 2001) FOR INCOME TAXES.Company Fundamentals\Summary Analysis SUMMARY ANALYSIS: Per Share.001 PRETAX CHG IN FIS 2001.39 0. no pages on this site may be reproduced. FRS 17 (REVISED2004).26 0. FRS 16 (REVISED2004). FULLY DILUTED EARNINGS FOR THE 12 MOS ENDED JUN 2001 WERE 0.9% 9.ADOPTED FRS 1 (REVISED2004).4 2. stored in a retrieval system.6 0. FRS 39 (REVISED2004). INCLS 0.5% 13.4% 0.4 0. recording.6% 16.03 0. CONTINGENT LIABILITIES AND CONTINGENT ASSETS.9% 0.02 0. INCLS 0.39 0.00 0. ADOPTED FRS 103 FOR BUSINESS COMBINATIONS..28 AD Year Value Ratios Earnings 12 Month Earnings Per Share ABD Dividends 12 Month Dividends Per Share 0.23 0. or otherwise without prior written permission.8% 10. electronic.26 n/c n/c 4. FRS 21 (REVISED2004).5 0.12 0.8 9. FRS 33 (REVISED 2004).01 0.4 1.01 PRETAX CR IN FIS 2002.5% 199. FRS 28 (REVISED2004). photocopying.3% 39.104 CHG IN FIS 2000 (B): INCLUDES THE EFFECTS OF A CHANGE IN ACCOUNTING POLICIES OR TAX LAWS .4% 2.01 0. Information is believed reliable.01 PRETAX CR AND NOM PRETAX CHG IN FIS 2009. INT FRS 110 INTERIM FINANCIAL REPORTING AND IMPAIRMENT.ADOPTED AMENDMENTS TO FRS 1 PRESENTATION OF FINANCIAL STATEMENTS . SAS 35 FOR DISCONTINUING OPERATIONS AND SAS 36 FOR IMPAIRMENT OF ASSETS. mechanical.2% 3. EARNINGS IMPACT IMMATERIAL.032. completeness and opinions are not guaranteed. FRS 107 FINANCIAL INSTRUMENTS: DISCLOSURES.18 0.5 21.0% 4.4 0.7% 223.0% 0.3% 5. FRS 32 (AMENDMENT) FOR FINANCIAL INSTRUMENTS: DISCLOSURES & PRESENTATION.01 PRETAX CHG IN 2003.0% 42.2% 39.55 0.05 0.39 0. in any form or by any means.6% 22.9% -1.00 0.3% -22.01 0.11 n/c 100.1% 18.01 AD BD ABD ABD BD AD D -55. FRS 24 (REVISED2004).04 PRETAX CR IN FIS 2007.01 PRETAX CHG IN FIS 2004.0 3. FRS 27 (REVISED2004).0% 2.4% n/a Book Value Begin Yr 0.3% 11. FRS 31 (REVISED 2004). EARNINGS IMPACT IMMATERIAL. FULLY DULITED EARNINGS FOR THE 12 MOS ENDED JUN 2000 WERE 0. EXCLS 0. Except for quotations by established news media. (C): INCLS DISCONTINUED OPS (D): BASED ON AVERAGE SHARES OUTSTANDING. ADOPTED FRS 19 (AMENDMENT) FOR EMPLOYEE BENEFITS.32 0.2% -0. . INCLS 0. FRS 102 AND FRS 105 IN FIS 2006. FRS 2 (REVISED2004).4 0.0535. FULLY DILUTED EARNINGS FOR THE 12 MOS ENDED JUN 2007 WERE 0.CAPITAL DISCLOSURES.6% 4. FRS 21 (AMENDMENT) FOR THE EFFECTS OF CHANGES IN FOREIGN EXCHANGE RATES.11 Fiscal Yr Ends: June 2002 2003 2004 2005 2006 2007 2008 2009 2010 11/12/2010 Market Price/ Price/ % Price Earnings Book Dividend Earned Last Ratio Ratio Yield Growth 0. EARNINGS IMPACT NOT SPECIFIED. but accuracy.ADOPTED SAS 10 (REVISED 2000) FOR EVENTS AFTER THE BALANCE SHEET DATE. All Rights Reserved.8 20.6% 13. INCLS 0.01 0. .31 0. .33 0.35 0. INCLS 0.9 0. EARNINGS IMPACT IMMATERIAL.001 Copyright ©2000-2010 Distributed by Wright Investors' Service.4% -79.15 0.9% 0. Inc.05 PRETAX CR AND 0.15 0.16 0. SAS 31 FOR PROVISIONS.2% 4.0% 0.INCLS 0.4% n/a % Change n/c n/c n/c 33.0% (A): INCLUDES OR EXCLUDES EXTRAORDINARY CHARGE OR CREDIT .9% 7.4% 0.9% 3.47 0.3 1.04 0. FRS 10 (REVISED2004). SAS 17 (REVISED 2000) FOR EMPLOYEE BENEFITS.8 5. FRS 39 (AMENDMENT) FOR FINANCIAL INSTRUMENTS: RECOGNITION & MEASUREMENT AND INT FRS 104 FOR DETERMINING WHETHER AN ARRANGEMENT CONTAINS A LEASE.01 0.3% % Payout Ratio n/c n/c 16.01 0. FRS 8 (REVISED2004).00 -0.3% 114. EARNINGS IMPACT NOT SPECIFIED.04 0.Singapore Dollars Price Lion Asiapac Limited Equity Capital % Profit Rate (ROE) -0.3% -0.03 PRETAX CHG IN FIS 2006.7% 89.19 2. INCLS 0.38 0.0 0.

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no pages on this site may be reproduced.772 -29.0% 69. recording.510 98.2% 16.484 108.259 -17.969 25.9% 7.4% % of Sales 8.6% 92.278 82.498 469 591 3.7% 88.2% 7.3% 23.087.392 4.519 Employees Sales Per Number Employee 286 309.0% 92.7% 0.597 Sales Amount in thousands Cost of Goods Sold After Tax Income before Extraordinary Charges and Credits Amount in thousands 7.771 -551 4.0% 7. Except for quotations by established news media.063 171.2% 96.565 59.9% 84.563 105.783 178.523 3.799 n/a n/a n/a n/a 915.182 69 1.3% 33.1% 83.5% 75.867 -870 -2.715 4.2% 4.4% 77 1.535 184.217 68 3.568.838 1.0% 61.235 21. or otherwise without prior written permission.1% 27. Taxes.166 70.4% 26. but accuracy.Company Fundamentals\Sales Analysis SALES ANALYSIS: Figures in thousands of Singapore Dollars Lion Asiapac Limited Earnings before Interest. Depreciation.018 -30.3% 10.900 104. completeness and opinions are not guaranteed. stored in a retrieval system.299 -34.987 -41.7% 85.110.3% 5. mechanical.400 12.291 16.563 After Tax Income Per Employee 27.451 103. photocopying.574 18.7% 62.732 12.408 n/a n/a n/a n/a 75.377 7.8% 95.5% 0.118 36.4% 43. or transmitted for commercial purposes.5% 5.4% 89.130 240.2% 88.3% 94.880 67.0% -0. and Amortization (EBITDA) Amount in thousands 1. electronic. Inc.904 n/a n/a n/a n/a Year 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Year-toAmount year in Growth thousands % of Sales % of Sales 1.526 204.5% Copyright ©2000-2010 Distributed by Wright Investors' Service.0% -2.933 93. All Rights Reserved.8% 13.1% 96.4% 26.721 95.213 -3. Information is believed reliable.507 -11.160 57. in any form or by any means.304 69 1.9% -1.4% 90.415 7. .

6% 2.310 0.8% -8.6% 57.Sep Oct .165 0.155 0.Dec 2005 Jan .7% -6.165 0.Dec 2004 Jan .Mar Apr .175 0.4% 68.0% 36.Dec 2009 Jan .135 0.165 Closing Price 0.2% 29.6% 50.185 0.120 0.Sep Oct .1% -5.9% 9.195 0.140 0.160 0.Jun Jul .100 0.1% 16.205 0.Sep Oct .170 0.145 0.205 0.150 0.210 0.090 0.150 0.230 0.4% 12.155 0.170 0.9% 3.150 0.2% 0.150 0.0% -2.Mar Apr .8% -39.8% 65.230 0.125 0.160 0.6% 87.0% -8.2% 62.310 0.7% -5.180 0.0% -11.6% 3.165 0.220 0.4% 16.9% -5.Jun Jul .120 0.Jun Jul .215 0.315 0.120 0.145 0.Jun Jul .Jun Jul .7% -19.090 0.110 0.170 0.4% -18.6% -25.195 0.260 0.6% -3.175 0.160 0.110 0.230 0.Jun Jul .6% 57.Mar Apr .2% -16.1% 0.4% -17.9% 0.160 0.5% Quarter 2002 Jan .9% 6.1% -22.Sep Oct .190 0.155 0.Mar Apr .Mar Apr .160 0.185 0.0% 87.9% -11.165 0.110 0.4% 45.220 0.5% -1.140 0.150 0.5% -30.180 0.270 0.Company Fundamentals\Price Analysis PRICE ANALYSIS: Per Share.Sep Oct .7% 10.340 Low Price 0.235 0.Dec 2008 Jan .130 0.Dec 2006 Jan .140 0.175 0.6% -50.0% -2.185 0.Singapore Dollars Lion Asiapac Limited High Price 0.190 0.165 0.Jun Jul .170 0.150 0.180 0.125 0.175 0.180 0.2% 12 months %Change n/a n/a n/a n/a -38.095 0.160 0.Jun Jul .265 0.205 0.0% 2.160 0.7% 77.1% 3.260 0.1% -2.100 0.1% 65.340 0.175 0.9% -14.Sep .9% -20.Dec 2007 Jan .Mar Apr .300 Quarterly %Change n/a -19.Mar Apr .095 0.180 0.Mar Apr .0% -57.220 0.Sep Oct .160 0.9% 0.115 0.0% 40.115 0.340 0.180 0.8% -15.Sep Oct .180 0.175 0.Dec 2003 Jan .

photocopying.4% -44.Jun Jul .9% 8. recording.5% -11.475 0.275 0. stored in a retrieval system.Dec 2010 Jan . or otherwise without prior written permission.260 0.265 0.230 0.Mar Apr . but accuracy.260 21.3% 180. no pages on this site may be reproduced. or transmitted for commercial purposes.375 0. Inc.8% Copyright ©2000-2010 Distributed by Wright Investors' Service. completeness and opinions are not guaranteed.355 0. Except for quotations by established news media.1% 1. electronic. in any form or by any means.365 0.7% 27. mechanical.305 0.Oct .8% 322.7% 40. Information is believed reliable.230 0.470 0.465 0. . All Rights Reserved.7% -18.Sep 11/12/2010 0.

SAS 31 FOR PROVISIONS.Singapore Dollars Fiscal Year Ends in June Earnings Per Share 12 Months Fiscal Years Earnings 1999 2000 2001 C Lion Asiapac Limited Dividends Per Share 12 Months % Dividends Change 0. n/a n/a n/a n/a n/a n/a n/a 0.01 0.01 PRETAX CR IN FIS 2002.00 n/a Q3 Mar.0% ABD 0. SAS 12 (REVISED 2001) FOR INCOME TAXES.00 0.00 0.00 0. INT FRS 110 INTERIM FINANCIAL REPORTING AND IMPAIRMENT.00 0.ADOPTED AMENDMENTS TO FRS 1 PRESENTATION OF FINANCIAL STATEMENTS . INCLS 0.7% D 0.00 n/a Q4 Jun. n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 0.3% 0.00 0. n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 0.550.CAPITAL DISCLOSURES.00 0.05 BD 0. FRS 16 (REVISED2004).10 n/a Q4 Jun. FRS 107 FINANCIAL INSTRUMENTS: DISCLOSURES.03 -0. INCLS 0.03 PRETAX CHG IN FIS 2006.19 2.01 0.0% 0.01 0.4% -79..01 AD 0.01 0.01 0.0% n/c 86. INCLS 0.02 ABD 0. 0.0% Quarterly Reported Dividends Q1 Sep.00 0. SAS 32 FOR FINANCIAL INSTRUMENTSDISCLOSURE AND PRESENTATION. EXCLS 0.00 -0.00 0. SAS 17 (REVISED 2000) FOR EMPLOYEE BENEFITS. EARNINGS IMPACT IMMATERIAL.7% 199. FRS 17 (REVISED2004).01 PRETAX CR AND NOM PRETAX CHG IN FIS 2009.02 0.04 0.00 0.01 AD 0.Company Fundamentals\Earnings & Dividends Analysis EARNINGS AND DIVIDENDS ANALYSIS: Per Share. FRS 39 (AMENDMENT) FOR FINANCIAL INSTRUMENTS: RECOGNITION & MEASUREMENT AND INT FRS 104 FOR DETERMINING WHETHER AN ARRANGEMENT CONTAINS A LEASE.00 AD -0. INCLS 0. FRS 10 (REVISED2004). CONTINGENT LIABILITIES AND CONTINGENT ASSETS.4% n/c AD 0.0% 0.01 0.10 n/a Q3 Mar.02 0.03 2. INCLS 0.00 n/a Q2 Dec.001 PRETAX CHG IN FIS 2001.03 BD 0. FRS 21 (AMENDMENT) FOR THE EFFECTS OF CHANGES IN FOREIGN EXCHANGE RATES.1% -22.3% -55.00 Q2 Dec.0% 9.00 0.ADOPTED SAS 10 (REVISED 2000) FOR EVENTS AFTER THE BALANCE SHEET DATE.01 89.027.INCLS 0.00 0. EARNINGS IMPACT IMMATERIAL.01 PRETAX CHG IN FIS 2004.04 614. n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 0.00 0. FRS 21 (REVISED2004). .0% n/c n/c 0.01 0.8% -85.104 CHG IN FIS 2000 (B): INCLUDES THE EFFECTS OF A CHANGE IN ACCOUNTING POLICIES OR TAX LAWS .00 0. .07 0. FRS 102 AND FRS 105 IN FIS 2006.02 0.01 -0.00 0.01 0.00 0. % Payout Quarterly Reported Earnings Q1 Sep.9% 0. SAS 35 FOR DISCONTINUING OPERATIONS AND SAS 36 FOR IMPAIRMENT OF ASSETS.05 PRETAX CR AND 0. n/a -0. FRS 28 (REVISED2004).01 -0. FRS 8 (REVISED2004).01 0.0% n/c n/c n/c n/c 12.01 n/a n/a n/c 0.9% n/c 0. EARNINGS IMPACT NOT SPECIFIED.01 PRETAX CHG IN 2003.01 0.0% 0.01 n/c 100.01 n/a n/c n/c n/c 33.01 -75.00 0. FRS 2 (REVISED2004).00 0.01 0. FRS 32 (REVISED2004). EARNINGS IMPACT NOT SPECIFIED.01 0. FRS 32 (AMENDMENT) FOR FINANCIAL INSTRUMENTS: DISCLOSURES & PRESENTATION.04 PRETAX CR IN FIS 2007. FRS 39 (REVISED2004).02 0.7% 0. INCLS 0.01 n/a % Change -50.00 0. FRS 31 (REVISED 2004).3% n/c 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 (A): 0. EARNINGS IMPACT IMMATERIAL.01 0.04 ABD 0.0% 0.ADOPTED FRS 1 (REVISED2004).ADOPTED FRS 19 (AMENDMENT) FOR EMPLOYEE BENEFITS.01 0.0% 0. ADOPTED FRS 103 FOR BUSINESS COMBINATIONS. FRS 33 (REVISED 2004).00 62.04 0.6% INCLUDES OR EXCLUDES EXTRAORDINARY CHARGE OR CREDIT .01 n/a n/a 0. (C): INCLS DISCONTINUED OPS . .01 AD 0. FRS 24 (REVISED2004). FRS 27 (REVISED2004). n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a 0.01 0.

stored in a retrieval system. completeness and opinions are not guaranteed. but accuracy.0535. electronic. no pages on this site may be reproduced. or transmitted for commercial purposes. FULLY DULITED EARNINGS FOR THE 12 MOS ENDED JUN 2000 WERE 0. Inc. All Rights Reserved.(D): BASED ON AVERAGE SHARES OUTSTANDING.032. in any form or by any means. photocopying.001 Copyright ©2000-2010 Distributed by Wright Investors' Service. mechanical. . Information is believed reliable. Except for quotations by established news media. or otherwise without prior written permission. FULLY DILUTED EARNINGS FOR THE 12 MOS ENDED JUN 2007 WERE 0. recording. FULLY DILUTED EARNINGS FOR THE 12 MOS ENDED JUN 2001 WERE 0.

5% 90.1% 0.Financial Statement AnalysesFinancial Statement Analyses\Balance Sheet .1 23.5% 7.0% 1.0% 0.3% 0.1% 0.0% 3. Total Assets are in millions of Singapore Dollars.9% 0.9% 7.0% 33.0% 3.1% 11.8% 3.0% 0. Fiscal Year Fiscal Year End Date Assets Total Assets Cash & Short Term Investments Cash Short Term Investments Receivables (Net) Inventories -Total Raw Materials Work in Process Finished Goods Progress Payments & Other Prepaid Expenses Other Current Assets Current Assets .2% 0.6% 0.8% 24.3% 1.5% 15.0% 0.7% 70.0% 0.8% 0.0% 37.1% 10.0% 0.1% 58.0% 1.4% 14.0% 268.0% 0.5% 200.7 31.0% 0.3% 0.1% 1.5% 5.3% 0.1% 2.8% 9.1% 0.0% 3.0% 4.1 31.0% 0.0% 0.0% 0.3% 31.0% 0.8% 5.0% 46.4 74.4% 3.5% 0.0% 0.0% 0.7% 8.0% 11.0% 0.0% 0.0% 2.0% 1.1% 2.1% 1.4% 0.1% 0.0% 1.0% 0.Total Long Term Receivables Investment in Associated Companies Other Investments Property Plant and Equipment Gross Accumulated Depreciation Property Plant and Equipment – Net Other Assets Deferred Charges Tangible Other Assets 2010 6/30/2010 6/30/2009 6/30/2008 6/30/2007 6/30/2006 168.0% 0.7% 0.1% 0.0% 1.0% 0.5% 0.(Common Size): Lion Asiapac Limited 2009 2008 2007 2006 Figures are expressed as Percent of Total Assets.9% 0.8% 60.2% 0.0% 15.5% 0.0% 11.0% 0.Common Size Balance Sheet .9% 55.0% 0.0% 83.7% 0.7% 3.2% 9.4% 3.5% 8.0% 18.5% 7.3% 0.0% .1% 29.1% 11.0% 0.9% 0.0% 0.1 26.0% 211.0% 196.7% 37.2% 1.

0% 196.0% 0.4% 0.0% 0.0% 0.0% 31.2% 0.0% 211.4% 0.0% 0.8% 268.0% 1.1 5.0% 100.0% 1.0% 168.1% 0.0% 0.5% 0.7 1.4% 13.5% 29.0% 0.7% 0.0% 0.0% 0.8% 29.0% 0.3% 0.7% 0.3% 200.0% 2.0% 0.2% 7.1 6.8% 0.6% 0.0% 1.0% .2% 0.0% 0.0% 0.9% 1.0% 0.1 3.0% 0.0% 0.Intangible Other Assets Total Assets Liabilities & Shareholders' Equity Total Liabilities & Shareholders' Equity Accounts Payable Short Term Debt & Current Portion of Long Term Debt Accrued Payroll Income Taxes Payable Dividends Payable Other Current Liabilities Current Liabilities .0% 1.0% 100.0% 0.0% 4.0% 0.0% 14.4% 1.0% 0.0% 0.4% 0.4 3.3% 0.0% 4.0% 1.0% 100.3% 1.8% 1.2% 1.9% 0.0% 5.0% 0.Debit Deferred Tax Liability in Untaxed Reserves Other Liabilities Total Liabilities Non-Equity Reserves Minority Interest Preferred Stock Preferred Stock Issued for ESOP 0.0% 0.0% 9.0% 6.4% 0.7% 0.0% 5.0% 0.6% 1.9% 0.0% 4.0% 30.0% 0.0% 0.0% 5.0% 0.0% 0.0% 2.0% 1.0% 0.2% 0.0% 1.Credit Deferred Taxes .0% 2.0% 100.0% 0.3% 2.Total Long Term Debt Long Term Debt Excluding Capitalized Leases Capitalized Lease Obligations Provision for Risks and Charges Deferred Income Deferred Taxes Deferred Taxes .5% 10.0% 16.9% 0.1% 0.9% 0.3% 13.5% 24.0% 100.

Information is believed reliable.7% 100.Preferred Issued Common Equity Total Liabilities & Shareholders' Equity 68. no pages on this site may be reproduced. completeness and opinions are not guaranteed. recording. All Rights Reserved.1% 100.0% Copyright ©2000-2010 Distributed by Wright Investors' Service. but accuracy.0% 83.1% 100.0% 89.0% 81. electronic. . stored in a retrieval system.4% 100. or transmitted for commercial purposes. or otherwise without prior written permission. photocopying. Inc.9% 100. mechanical. Except for quotations by established news media. in any form or by any means.ESOP Guarantees .0% 66.

2% -19.1% -24.6% -56.7% -26.0% -17.0% 23.3% 5.4% -70.4% -10.930.9% -26.1% 57.4% 102.3% -51.9% 195.7% -30.0% 350.2% 18.7% 139.1% -48.8% -24.511.8% 21.Total Long Term Receivables Investment in Associated Companies Other Investments Property Plant and Equipment Gross Accumulated Depreciation Property Plant and Equipment – Net Other Assets Deferred Charges Tangible Other Assets 2010 2009 6/30/2010 6/30/2009 6/30/2008 6/30/2007 6/30/2006 -20.1% -9.0% 2.Year-Year % Change Balance Sheet .6% -77. Asiapac Limited 2008 2007 2006 Fiscal Year Fiscal Year End Date Assets Total Assets Cash & Short Term Investments Cash Short Term Investments Receivables (Net) Inventories -Total Raw Materials Work in Process Finished Goods Progress Payments & Other Prepaid Expenses Other Current Assets Current Assets .7% 43.0% -17.9% -82.5% 8.6% 1.3% 34.(Year to Year Percent Change): Lion Figures are the Percent Changes from the Prior Year.5% -3.1% 10.3% 8.4% -78.3% 624.0% 0.9% 28.4% 7.4% 4.2% -30.0% 27.Financial Statement Analyses\Balance Sheet .9% .3% -74.1% -42.7% 15.5% -99.6% 68.2% 94.0% 10.2% -99.3% 15.3% 373.0% 6.0% 31.3% 38.1% 57.0% 600.3% -3.6% 102.2% 42.3% -56.0% -13.2% -100.2% 909.8% 202.6% 33.8% -1.5% 90.0% 33.2% 5.8% -18.8% 97.2% 2.

9% 7.2% -95.7% -82.8% -77.6% 130.0% 262.1% 187.4% -20.2% -52.1% -51.7% -15.8% 34.2% 45.0% -97.5% 39.Intangible Other Assets Total Assets Liabilities & Shareholders' Equity Total Liabilities & Shareholders' Equity Accounts Payable Short Term Debt & Current Portion of Long Term Debt Accrued Payroll Income Taxes Payable Dividends Payable Other Current Liabilities Current Liabilities .9% -40.Debit Deferred Tax Liability in Untaxed Reserves Other Liabilities Total Liabilities Non-Equity Reserves Minority Interest Preferred Stock Preferred Stock Issued for ESOP -24.8% -100.3% -68.7% 5.9% -26.0% -28.9% -65.125.4% 4.9% -45.2% -64.5% -12.7% -3.5% -5.7% -14.7% -26.6% -57.0% .7% -38.4% -100.6% 34.4% 127.5% -64.5% 7.8% -36.8% -2.Credit Deferred Taxes .6% 220.0% -100.9% -40.6% -77.Total Long Term Debt Long Term Debt Excluding Capitalized Leases Capitalized Lease Obligations Provision for Risks and Charges Deferred Income Deferred Taxes Deferred Taxes .0% -57.7% -40.0% 208.1% -21.9% -1.2% -18.2% -10.7% -32.1% 485.0% -10.4% 1.2% 6.2% 172.9% -32.7% 185.2% -20.8% 106.8% 13.4% 1.

Information is believed reliable.9% -10.5% 19.Preferred Issued Common Equity Total Liabilities & Shareholders' Equity -39.9% -28.9% -26. photocopying. Inc. completeness and opinions are not guaranteed. in any form or by any means.8% -20. no pages on this site may be reproduced.8% 69. .ESOP Guarantees .8% 34.2% Copyright ©2000-2010 Distributed by Wright Investors' Service. All Rights Reserved. or otherwise without prior written permission. stored in a retrieval system.3% 7. Except for quotations by established news media. recording. or transmitted for commercial purposes.0% -16. mechanical. but accuracy. electronic.

2 1.0 54.4 0.4 0.5 0.9 7.4 0.0 0.0 7.4 41.0 24.7 25.0 0.0 0.6 6.0 0.1 61.0 4.2 7.4 221.3 9.1 31.0 60.1 128.0 55.3 9. Asiapac Limited 2009 2008 2007 2006 Fiscal Year Fiscal Year End Date Assets Total Assets Cash & Short Term Investments Cash Short Term Investments Receivables (Net) Inventories -Total Raw Materials Work in Process Finished Goods Progress Payments & Other Prepaid Expenses Other Current Assets Current Assets .8 0.0 0.6 6.2 2.5 0.2 2.2 7.0 0.4 21.0 0.5 229.9 212.8 6.8 2.3 55.1 1.9 133.7 105.0 .Five-Year Averages Balance Sheet .8 80.1 32.3 22.6 29.Financial Statement Analyses\Balance Sheet .1 1.Total Long Term Receivables Investment in Associated Companies Other Investments Property Plant and Equipment Gross Accumulated Depreciation Property Plant and Equipment – Net Other Assets Deferred Charges Tangible Other Assets 2010 6/30/2010 6/30/2009 6/30/2008 6/30/2007 6/30/2006 208.3 59.5 2.7 21.7 5.4 6.6 32.8 6.7 18.0 0.1 12.2 0.3 44.(5 Year Averages): Lion Figures in millions of Singapore Dollars.6 5.5 21.2 19.0 0.0 23.6 6.8 66.9 15.8 35.2 93.6 0.9 73.3 18.3 0.0 0.4 4.0 0.9 13.0 9.8 219.4 1.7 0.6 36.0 11.6 6.0 64.4 7.

3 0.Total Long Term Debt Long Term Debt Excluding Capitalized Leases Capitalized Lease Obligations Provision for Risks and Charges Deferred Income Deferred Taxes Deferred Taxes .0 53.1 0.8 2.0 0.0 9.9 20.6 8.6 0.0 2.8 0.0 40.1 1.0 0.0 18.Intangible Other Assets Total Assets Liabilities & Shareholders' Equity Total Liabilities & Shareholders' Equity Accounts Payable Short Term Debt & Current Portion of Long Term Debt Accrued Payroll Income Taxes Payable Dividends Payable Other Current Liabilities Current Liabilities .4 0.4 0.8 221.6 49.Credit Deferred Taxes .0 219.8 67.5 0.0 221.1 0.8 8.1 10.8 16.0 3.0 3.9 0.6 18.0 3.0 .8 20.9 212.0 5.1 13.5 229.7 0.8 20.0 229.5 34.7 0.6 0.9 8.1 2.0 212.0 5.4 6.0 0.3 208.8 0.0 4.0 208.3 10.1 0.0 5.0 28.0 0.Debit Deferred Tax Liability in Untaxed Reserves Other Liabilities Total Liabilities Non-Equity Reserves Minority Interest Preferred Stock Preferred Stock Issued for ESOP 0.0 4.9 0.1 13.8 3.6 28.1 0.4 2.4 0.8 2.0 4.2 0.5 77.6 11.9 20.4 0.6 219.0 0.0 41.9 0.0 8.0 6.5 31.0 3.8 0.0 0.0 12.0 3.3 9.0 42.0 0.

All Rights Reserved. no pages on this site may be reproduced. .Preferred Issued Common Equity Total Liabilities & Shareholders' Equity 164. stored in a retrieval system.3 221.1 219. recording. completeness and opinions are not guaranteed. Information is believed reliable. or transmitted for commercial purposes. electronic.3 208.ESOP Guarantees . but accuracy. Except for quotations by established news media. mechanical. photocopying. in any form or by any means. or otherwise without prior written permission. Inc.6 212.3 131.1 157.8 163.7 229.9 173.3 Copyright ©2000-2010 Distributed by Wright Investors' Service.

3% 31.6% -1.0% 11.0% 0.3% 23.3% 11.0% 6.2% 10.0% 0.4% 26.4% 7.0% 0.0% 1.0% 0.9% 0.3% 5.9% 0.0% 4.4% 0.0% 2.4% 3.1% 6.Total Operating Income Extraordinary Credit .0% 201.8% 0. Fiscal Year Net Sales or Revenues Cost of Goods Sold Depreciation.0% 0.3% 0.4% 3.6% 7. Depreciation & Amortization (EBITDA) Earnings before Interest & Taxes(EBIT) Interest Expense on Debt Interest Capitalized Pretax Income Income Taxes Minority Interest Equity in Earnings After Tax Other Income/Expense Discontinued Operations Net Income before Extraordinary Items/Preferred Dividends 92.0% 5.5% 1.2% 0.2% -6.7% 0.0% 0.0% 1.0% 0.1% -1.4% 0.7% 14.1% 0.0% 27. General & Administrative Expenses Other Operating Expenses Operating Expenses .2% 5.0% 106.0% 0.7% 0.4% 1.4% 3.0% 3.Pretax Non-Operating Interest Income Reserves .0% 0.3% 3.4% 4.0% 0.7% 4.0% 4.9% 0.0% 7.0% 0.5% 0.2% 0.0% 0.4% 204.0% 5.9% 0.0% 0.8% 0.0% 0.1% 9.1% 12.Financial Statement Analyses\Income Statement .6% 7.0% 0.0% 2.8 83. Taxes.1% 2009 62.6% 0.4% 26.Pretax Extraordinary Charge .5% 201.7% 110.7 2007 93.3% -10.0% 88.6% 0.0% 0.5% 5.3% 0. Net Sales or Revenues are in millions of Singapore Dollars.1% 90.3% 0.8% -3.0% 199.Net Earnings before Interest.0% 171.5% 0.8% 94.6% 0.8% 4.6% 7.0% .0% 2.0% 15.5% 11.1% 13.6% 8.2% 0.0% 3.0% 0.0% 1.6 2006 69.0% 101.0% -0.0% 0.2% 0.9 96.6% 0.5% Figures are expressed as Percent of Net Sales or Revenues.0 2008 105.4% 2.Common Size Income Statement .Increase/Decrease Pretax Equity in Earnings Other Income/Expense .0% 0.1% 0. Depletion & Amortization Gross Income Selling.9% 95.(Common Size): Lion Asiapac Limited 2010 43.

completeness and opinions are not guaranteed.0% 0.0% 0. Except for quotations by established news media.0% 0. stored in a retrieval system.0% 0. mechanical. Information is believed reliable.3% 23.5% Common 4.0% 0. Inc. in any form or by any means. or transmitted for commercial purposes.0% 0.Extraordinary Items & Gain/Loss Sale of Assets Preferred Dividend Requirements 0.0% 5.0% 10.7% 0.2% Copyright ©2000-2010 Distributed by Wright Investors' Service. electronic. no pages on this site may be reproduced.0% 0. All Rights Reserved.3% Net Income after Preferred Dividends . . or otherwise without prior written permission.available to 171. but accuracy. recording.0% 0. photocopying.

5% 44.Pretax Non-Operating Interest Income Reserves .3% -10.761.Year-Year % Change Income Statement .4% 4.1% -33.5% -71.171.0% 1.8% 247.3% 146.840.149.Pretax Extraordinary Charge .0% 3.6% 134.5% -2.0% -70.6% 1.Increase/Decrease Pretax Equity in Earnings Other Income/Expense .7% -30.928.7% 12.0% 15.8% 23.1% -41.2% 100.3% 1.5% -76.1% .0% -33.7% 12.5% 20.2% -76.6% -197.8% -41.6% -71.0% -45.5% 2009 -41.4% -36.0% 3. Depletion & Amortization Gross Income Selling.9% 452.0% 2006 12.441.0% 44.(Year to Year Percent Change): Lion Figures are the Percent Changes from the Prior Year.2% -15.5% 146.5% -99.3% Fiscal Year Net Sales or Revenues Cost of Goods Sold Depreciation.3% 197.2% 323. Depreciation & Amortization (EBITDA) Earnings before Interest & Taxes(EBIT) Interest Expense on Debt Interest Capitalized Pretax Income Income Taxes Minority Interest Equity in Earnings After Tax Other Income/Expense 2010 -29.2% 69.2% -21.1% 19.Total Operating Income Extraordinary Credit .7% 14.8% -66.847.9% -61.3% 100.8% 14.4% -40.3% 12.3% 51. Asiapac Limited 2008 13.0% 2007 33.0% -34.9% 411.Financial Statement Analyses\Income Statement .6% 8.7% 1. General & Administrative Expenses Other Operating Expenses Operating Expenses .9% -39.1% 1.4% -37.0% 376.1% -57.5% 3.8% -61.Net Earnings before Interest.9% -13.3% -82.917.4% -17.7% -73. Taxes.8% 423.1% -62.

8% Copyright ©2000-2010 Distributed by Wright Investors' Service. Inc.1% -22.033.2% -79.1% -55.1% -22. completeness and opinions are not guaranteed. photocopying. All Rights Reserved. recording.8% 2. stored in a retrieval system. Information is believed reliable. but accuracy.2% -79.2% 200. in any form or by any means.033. . Except for quotations by established news media.2% 200. mechanical. or otherwise without prior written permission.Discontinued Operations Net Income before Extraordinary Items/Preferred Dividends Extraordinary Items & Gain/Loss Sale of Assets Preferred Dividend Requirements Net Income after Preferred Dividends available to Common 2. electronic. no pages on this site may be reproduced.1% -55. or transmitted for commercial purposes.

4 25.0 22.0 -2.1 -0.3 0.4 7.4 -0. General & Administrative Expenses Other Operating Expenses Operating Expenses .4 75.8 0.4 11.4 0.9 1.8 75.7 0.4 0.4 0.9 0.2 0.0 1.2 1.6 0.8 80.3 0.7 12.7 1.7 8.4 10.2 2. Depreciation & Amortization (EBITDA) Earnings before Interest & Taxes(EBIT) Interest Expense on Debt Interest Capitalized Pretax Income Income Taxes Minority Interest Equity in Earnings After Tax Other Income/Expense Discontinued Operations Net Income before Extraordinary Items/Preferred Dividends Extraordinary Items & Gain/Loss Sale of Assets 6.0 1.(5 Year Averages): Lion Figures in millions of Singapore Dollars.5 1.8 1.3 -0.4 0.0 1.2 1.7 77.0 -0.7 26.0 5.6 0.2 0.1 0.7 5.0 1.Five-Year Averages Income Statement .1 0.1 5.5 0.3 1.0 0.6 0.0 6.6 -0.3 82.0 7.0 5.0 4.Net Earnings before Interest.8 72.0 0.4 0.3 0.0 78.Financial Statement Analyses\Income Statement .8 0.Pretax Extraordinary Charge .0 5.9 Fiscal Year Net Sales or Revenues Cost of Goods Sold Depreciation.Pretax Non-Operating Interest Income Reserves .0 0.6 5.9 0.Increase/Decrease Pretax Equity in Earnings Other Income/Expense .6 0.0 -0.4 -0.4 0.3 4.4 6.4 1.0 .4 1.8 1.0 3.7 7.7 81.0 25.0 -0.5 5.5 83.7 -0.2 6.2 67.0 8.9 6.0 -0.0 -0.0 5.Total Operating Income Extraordinary Credit .0 22.6 1.5 1.6 1.0 1.0 4.1 0.5 81.8 6.6 1.3 81.1 9.2 7.1 4.1 0.4 8. Taxes.0 0.1 1.0 6.1 0.8 0.1 76.6 79. Depletion & Amortization Gross Income Selling. Asiapac Limited 2010 2009 2008 2007 2006 75.4 0.

Preferred Dividend Requirements Net Income after Preferred Dividends . Except for quotations by established news media. or transmitted for commercial purposes. electronic.7 12.0 Copyright ©2000-2010 Distributed by Wright Investors' Service.0 0. Information is believed reliable. but accuracy. mechanical. .0 6. All Rights Reserved.0 0. photocopying. or otherwise without prior written permission. no pages on this site may be reproduced.5 22.available to Common 0. Inc. recording. stored in a retrieval system.0 0. completeness and opinions are not guaranteed.4 10.0 0.4 11. in any form or by any means.

0 0.8% -95.3% 0.0% 33.1 -0.3% 3.7% -40.6% -32.8 9.9% 1. Year to year % changes pertain to reported Balance Sheet values.1% 0.0% 46.0 1.5% 0.0% 11.8 0.1 0.0% 100.0% .3 -0.7 164.2 0.0 -0.3% 97.1% 2.0% 41.8% 98.7 -6.0 0.0% 39.9% 0.Financial Statement Analyses\Sources of Capital .Net Change Sources of Capital: Lion Asiapac Limited 2010 2009 2008 2007 2006 Currency figures are in millions of Singapore Dollars.0% 98.5 -6.2 9.7 5.2 1.0 0.0 0.9% 96.0% 0.0 -6.0% 0.0 0.0% 19.8% 100.3 -0.4 -4.0% 9.1% 100.0% 44.1 136.0% 0.0 0.3% 0.7% 100.0 -0.4% 1.0% 17.4 0.6% 1.9% -64.0 0.5% 100.1 2.0 -1.8 0.0% 0.4 229.0 0.0 1.0% 0.6 -7.0% 0.5 -1.9% 0.2% 98.4% 2.5 0.5% 0.0% 46.1% 0.7% -97.0% 0.0 0.4 192.0% 28.7% 106.0% -100.7 0.0 3.0 0.5 3.2% 0.125.0 -2.0% 0.0% 0.3 -2.6 -0.0 -1.4 -0.1 -0. Fiscal Year Fiscal Year End Date Total Capital Percent of Total Capital Short Term Debt Long Term Debt Other Liabilities Total Liabilities Minority Interest Preferred Stock Retained Earnings Common Equity Total Capital Year to Year Net Changes Short Term Debt Long Term Debt Other Liabilities Total Liabilities Minority Interest Preferred Stock Retained Earnings Common Equity Total Capital Year to Year Percent Changes Short Term Debt Long Term Debt Other Liabilities 6/30/2010 6/30/2009 6/30/2008 6/30/2007 6/30/2006 116.5 -7.0% 0.0 -2.

0 -67.3% 1.7% -28. in any form or by any means.2 -20. Information is believed reliable.2 -5.3% -39. stored in a retrieval system. no pages on this site may be reproduced. recording.4% -18.0% 19. photocopying.1% 63.8% 1.0% 159. .7% 224.8% 52. Except for quotations by established news media. All Rights Reserved.7% -16.1% -40.4% 114.3% 17. or transmitted for commercial purposes.5 41.2% 38.2% 31.8 -23.8% -39. but accuracy.2% -1.1% 69.2% -31.9% 19.3 12.0 63. Inc.9% -28.1 -3.9% -38.2% -51.2% 0.6% 22.7 -66.4% 132.0 -124. completeness and opinions are not guaranteed.4 6.9 -1.7% 4.5% -21.7 -47.2 -61.9% -24.8 Copyright ©2000-2010 Distributed by Wright Investors' Service. mechanical. or otherwise without prior written permission.4 16.4 -3.9% -32.0 -3.7% 39. electronic.2% 190.0 -8.6 -71.Total Liabilities Minority Interest Preferred Stock Retained Earnings Common Equity Total Capital Total Liabilities & Common Equity Total Liabilities Net Change in Liabilities as % of Total Liabilities Common Equity Net Change in Common Equity as % of Common Equity Cash Flow Operating Activities Financing Activities Investing Activities 172.4 -11.5 -15.4% 6.6 -40.2 7.0 -65.8% 67.

Plant & Equipment Turnover Net Property.1 0.1 10.7 76.2 2.1 45. recording.7 3. Depletion & Amortization % of Gross Property.4 8.2 154. Depletion & Amortization Year to Year % Change 5.1 0.2 4. electronic.2 11. or transmitted for commercial purposes.0% -0.8 5.0 4.6 160. Except for quotations by established news media. Plant & Equipment Depreciation. or otherwise without prior written permission. in any form or by any means.3 32. stored in a retrieval system.6% 44. Information is believed reliable.6 5.0 -41. completeness and opinions are not guaranteed.4 35.Number of Days Inventory Turnover Inventory .6 96. All Rights Reserved.7 Receivables .0 0. Inc. photocopying.8 2.1 37. Depletion & Amortization Year to Year Change Depreciation.2 3.Number of Days Gross Property.7% Copyright ©2000-2010 Distributed by Wright Investors' Service. .2 10.7 9.7% 8.0 3. Plant & Equipment Turnover Depreciation.3% 2.1 25.3% 146.4 1.Financial Ratio AnalysesFinancial Ratio Analyses\Accounting Ratios Accounting Ratios: Lion Fiscal Year Fiscal Year End Date Receivables Turnover Asiapac Limited 2010 2009 2008 2007 2006 6/30/2010 6/30/2009 6/30/2008 6/30/2007 6/30/2006 3.3 6. no pages on this site may be reproduced. mechanical.4 87.1 0.5% 10.3% 197.1% 8.7 34.6% 4. but accuracy.1 2.9 36.

1% 10.3% 0.0% 16.0% 0. recording.0% 0. stored in a retrieval system. . no pages on this site may be reproduced.0% 341.7% 16.2% 93.3% 69.0% 286.0% 5.6% 1.0% 310.4% 272.5% 0.8% 0.6 67.0% 286.4% 9.0% 1.3% 2.6% 9.5% 160.7% 6.0% 37.0% 7.7% 16.6% 27.0% 111.1% 0.3% 52. Net Sales are in millions of Singapore Dollars. in any form or by any means.1% 0.0% 185.9% 21. Inc.0% 0.7% 0.3% 172. or transmitted for commercial purposes.5% 105. Plant & Equipment Gross Accumulated Depreciation Property Plant & Equipment .6% 20.0% 0. or otherwise without prior written permission.0% 4.7% 108.0% 37.1% 31.8 286.7 48.0% 384.0% 61. mechanical.7% 0.0% 0.3% 21.Net Other Assets Total Assets 6/30/2010 6/30/2009 6/30/2008 6/30/2007 6/30/2006 43.9% 11.6% 106.8% 45.7% 2.0% 0.7% 106. completeness and opinions are not guaranteed. Fiscal Year Fiscal Year End Date Net Sales Cash & Cash Equivalents Short-Term Investments Accounts Receivable Inventories Other Current Assets Total Current Assets Total Long Term Receivables & Investments Long Term Receivables Investments in Associated Companies Other Investments Property.3% 18.9 89.7% 62. photocopying.0 106.1% 61. but accuracy.3% 160. All Rights Reserved.0% 0.4% 29.8% 56.8% 6.2% 31.5% Copyright ©2000-2010 Distributed by Wright Investors' Service.3% 45.9% 159.Financial Ratio Analyses\Asset Utilization Asset Utilization: Lion Asiapac Limited 2010 2009 2008 2007 2006 Figures are expressed as the ratio of Net Sales.2% 322. Information is believed reliable.5% 5.7% 45.3% 20.0% 0. electronic.3% 99. Except for quotations by established news media.

809 3.411.449 3.408 1.2% -102. mechanical. stored in a retrieval system.820.265 606. in any form or by any means.838 61. 18.904 -1.130 480.2% -98. no pages on this site may be reproduced. Inc.087. photocopying.2% 73.652 812.0% -99.486. Except for quotations by established news media.6% -27.277. Information is believed reliable.680 915.059 1.799 2005 6/30/2005 68 2004 6/30/2004 69 Values per Employee are in Singapore Dollars.319 2.9% -99.974 4.8% -98.9% 6. . or otherwise without prior written permission. electronic. recording.188 Year to Year % Change per Employee Employees Sales Net Income Cash Earnings Working Capital Total Debt Total Capital Total Assets 5. completeness and opinions are not guaranteed. but accuracy. All Rights Reserved.721 1.2% -87.8% -98.124 36.574 240.3% -98.217 178.163.1% 3.4% -15.382 15.992.942 841. or transmitted for commercial purposes.574 2.004 52.6% Copyright ©2000-2010 Distributed by Wright Investors' Service.4% -1.Financial Ratio Analyses\Employee Efficiency Employee Efficiency: Lion Fiscal Year Fiscal Year End Date Employees Values per Employee Sales Net Income Cash Earnings Working Capital Total Debt Total Capital Total Assets Asiapac Limited 2006 6/30/2006 3.8% 35.

7 18. Information is believed reliable.1 1.2 EBIT/Dividends on Common Shares EBIT/(Dividends on Common + Pfd) EBITDA/Total Interest Expense EBITDA/Net Interest EBITDA/(Total Interest Exp + Pfd Div) EBITDA/Dividends on Com Shares EBITDA/(Dividends on Com + Pfd) 373.7 140.8 1.4 1.7 0.4 180.5 0. stored in a retrieval system. . or otherwise without prior written permission.3 1.6 93. photocopying.2 Copyright ©2000-2010 Distributed by Wright Investors' Service.Financial Ratio Analyses\Fixed Charges Coverage Fixed Charges Coverage: Lion Fiscal Year Fiscal Year End Date EBIT/Total Interest Expense EBIT/Net Interest EBIT/(Total Interest Exp + Pfd Div) Asiapac Limited 2010 2009 2008 2007 2006 6/30/2010 6/30/2009 6/30/2008 6/30/2007 6/30/2006 6. but accuracy.3 1.4 365. mechanical.4 1.4 93.394.2 0.6 6.296.4 6. Except for quotations by established news media.394. electronic.3 365.7 45. or transmitted for commercial purposes.6 0.6 0.4 1.8 140.8 19. no pages on this site may be reproduced. recording. in any form or by any means. All Rights Reserved.8 373.296.3 45.5 6.1 180. Inc.8 1.8 19. completeness and opinions are not guaranteed.7 18.2 0.7 1.4 1.

7% 2.0% 0.0% 0.8% 0.0% 0.0% 0.0% 0.0% 66.0% 0.1% 1.0% 1.0% 7.0% 0.0% 0.8% 1.0% 0.7% 1.0% 0.2% 1.4% 3.2% 0.0% 0.0% 0.1% 0.0% 0.5% 0.7% 2.0% 85.0% 0.5% 0.1% 3.3% 0.8% 91.0% 330.5% 1.0% 102.0% 0.3% 0.0% 0.0% 0.1% 0.0% 0.8% 11.Financial Ratio Analyses\Leverage Analysis Leverage Analysis: Lion Fiscal Year Fiscal Year End Date Long Term Debt % of EBIT Asiapac Limited 2010 2009 2008 2007 2006 6/30/2010 6/30/2009 6/30/2008 6/30/2007 6/30/2006 0.0% 0.3% 2.1% 27.3% 3.3% 7.0% 0.0% 2.0% 1.1% 98.8% 63.0% 0.1% 17.0% 0.0% 1.0% 0.9% 0.4% 0.4% 18.0% 0.9% 3.0% 0.1% 0.4% 97.1% 0.3% 3.4% 21.0% 0.0% 0.5% 1.2% 0.0% 81.5% 0.0% 0.8% 1.8% 1.4% 0.1% 0.7% 2.4% 0.3% 0.9% 1.8% 2.5% 10.7% 98.3% 11.0% 0.0% 0.7% 68.0% 89.0% 0.8% 96.4% 49.1% 315.4% 0.0% 0.2% 1.1% 96.3% 1.0% 0.0% 0.0% 91.1% Long Term Debt % of EBITDA Long Term Debt % of Total Assets Long Term Debt % of Total Capital Long Term Debt % of Com Equity Total Debt % of EBIT Total Debt % of EBITDA Total Debt % of Total Assets Total Debt % of Total Capital Total Debt % of Total Capital & Short Term Debt Total Debt % of Common Equity Minority Interest % of EBIT Minority Interest % of EBITDA Minority Interest % of Total Assets Minority Interest % of Total Capital Minority Interest % of Com Equity Preferred Stock % of EBIT Preferred Stock % of EDITDA Preferred Stock % of Total Assets Preferred Stock % of Total Capital Preferred Stock % of Total Equity Common Equity % of Total Assets Common Equity % of Total Capital Total Capital % of Total Assets Capital Expenditure % of Sales .0% 0.0% 0.9% 98.0% 83.0% 1.0% 81.0% 0.0% 1.0% 0.0% 2.0% 0.0% 3.4% 2.0% 0.4% 18.5% 69.1% 83.0% 0.0% 68.8% 0.

mechanical.9% 1. but accuracy.220.0% Debt 20.0% 571. completeness and opinions are not guaranteed. Inc.6% 53.4% Funds From Operations % of Total 2.2% 95. All Rights Reserved.7% 86.6% -33.7% 8.4% 44. stored in a retrieval system. or otherwise without prior written permission. electronic.3% 31. photocopying.3% 10.4% 10.5% Copyright ©2000-2010 Distributed by Wright Investors' Service.Fixed Assets % of Common Equity Working Capital % of Total Capital Dividend Payout 17. Except for quotations by established news media. or transmitted for commercial purposes.0% 1. no pages on this site may be reproduced.0% 89.000.1% 0.2% 78. . Information is believed reliable. in any form or by any means. recording.646.

1 5.2 1.3% -8.1 5.0% 3.2 -5.4% 88.3% 108.8% Total Current Assets % Net Sales Cash % of Current Assets Cash & Equivalents % of Current Assets Quick Ratio Receivables % of Current Assets Receivable Turnover .0 27.1 -3.5% 1.7 -47.700.000.2% 6/30/2007 6/30/2006 106.4 20.0% 20.7 8.1 3.8% 52.7% 2.8 0.7 0.0% 22.9% 76.6% 36.1% 2.4% 34.2% 160.0 2.8% 4.4% 3.646.4 9.2% 45.0% 2.7 7.934.4 -11.3% 10.417.9% 5.0% 33.4% 49.4 16.0% 10.554.8 15.9 -1.2 7.7 8.3% 2.3 12.2 9.5% 63.8 1.5 0.1% 1.0 10.9 19.1% -33.456.0% -21.493.220.2% 87.1% 3.number of days Inventories % of Current Assets Inventory Turnover .0% 571.4 2.number of days Inventory to Cash & Equivalents number of days Receivables % of Total Assets Current Ratio Total Debt % of Total Capital Funds from Operations % of Current Liabilities Funds from Operations % of Long Term Debt Funds from Operations % of Total Debt Funds from Operations % of Total Capital Cash Flow (in milllions of Singapore Dollars) Operating Activities Financing Activities Investing Activities 3.5% 172.6 -71.5 -15.8% 1.2 1.0 -3.0 -65.1% 22.7% 2.0 -8.4% 35.6% 6.0% 10.0% 45.4% 60.428.5 12.3% 1.0% -9.8 .0 -124.3% 13.0% 51.Financial Ratio Analyses\Liquidity Analysis Liquidity Analysis: Lion Fiscal Year Fiscal Year End Date Asiapac Limited 2010 2009 2008 2007 2006 6/30/2010 6/30/2009 6/30/2008 322.4 -3.7% 4.4% 34.6% 154.1% 96.5% -3.878.8 9.8% 310.6 11.0% 2.000.6% 32.

in any form or by any means. mechanical. recording. or otherwise without prior written permission. electronic. . no pages on this site may be reproduced.Copyright ©2000-2010 Distributed by Wright Investors' Service. All Rights Reserved. completeness and opinions are not guaranteed. photocopying. or transmitted for commercial purposes. Except for quotations by established news media. Information is believed reliable. but accuracy. stored in a retrieval system. Inc.

02 0.05 0.48 0.01 0.02 0. photocopying. or otherwise without prior written permission.01 0.05 0.02 0.01 0. in any form or by any means.02 0.39 0.00 0.03 0.00 0.66 0.05 0.01 0. recording.11 -0.02 0.00 0.01 0. Figures are in Singapore Dollars.16 0.11 0. Information is believed reliable.01 0.18 0.00 0. All Rights Reserved.Financial Ratio Analyses\Per-Share Ratios Per Share Data: Lion Asiapac Limited 2010 2009 2008 2007 2006 Figures are expressed as per unit of respective shares. Inc.42 0.28 0.22 0.47 0.52 0. mechanical.26 0.33 0.01 0.19 0.01 0.55 0.19 0.04 -0.01 0.00 0.01 0.05 0.02 0.01 0.00 0.19 0. completeness and opinions are not guaranteed.19 0.03 0.16 0. Fiscal Year Fiscal Year End Date Sales Operating Income Pre-tax Income Net Income (Continuing Operations) Net Income Before Extra Items Extraordinary Items Net Income After Extraordinary Items Net Income Available to Common Shares Fully Diluted Earnings Common Dividends Cash Earnings Book Value Retained Earnings Assets 6/30/2010 6/30/2009 6/30/2008 6/30/2007 6/30/2006 0.01 0.00 0. Except for quotations by established news media. but accuracy.06 0.01 0. no pages on this site may be reproduced.15 -0.01 0.05 0.17 -0.49 Copyright ©2000-2010 Distributed by Wright Investors' Service.01 0. electronic.01 0.13 0.23 0.01 0. stored in a retrieval system.20 0.01 0.01 -0. or transmitted for commercial purposes. .00 0.02 0.

5 1.8% 10. completeness and opinions are not guaranteed.3% 201. All Rights Reserved.0% 41.2% 67. General & Administrative Expenses % of Sales Research & Development Expense Operating Income Return On Total Capital -39.0% 8.000 16.0% 5.3 0. in any form or by any means.Total Return on Invested Capital Return on Assets Asset Turnover Financial Leverage Interest Expense on Debt Effective Tax Rate Cash Flow % Sales Asiapac Limited 2010 2009 2008 2007 2006 Currency figures are in Singapore Dollars.0% 2.4% 6.5% -24.3% 15.3 0.5% -32. or otherwise without prior written permission.2% 11.5% 4. Information is believed reliable. stored in a retrieval system.0% -6. recording.3 0.1% 4.7% 2.5% -10.000 68.0% 4.000 10.4% 2.Financial Ratio Analyses\Profitability Growth Profitability Analysis: Lion Fiscal Year Fiscal Year End Date Gross Income Margin Operating Income Margin Pretax Income Margin EBIT Margin Net Income Margin Return on Equity . no pages on this site may be reproduced.4% 5.6% 6.5% 49.2% -28.4% 68. mechanical.2% 48.2% 12.0% 49.7% 2.5% 26.0% 1.4% 9. photocopying.3% 2.2% 5. or transmitted for commercial purposes.000 15.5% 3.0% 3.5% Selling.4% 4.0% 0. .0% 14. Inc.8% 3.0% 201.3% 26.4% -1. Except for quotations by established news media.3 11.8% 255.6% 39.7% 0. but accuracy.6% 17.9% 8.5% 0.3% 0. electronic.9% 3.6% 5.5% 0.000 49. 6/30/2010 6/30/2009 6/30/2008 6/30/2007 6/30/2006 13.1% 3.3% 5.6% -7.6% 23.3% 2.5% 11.8% Copyright ©2000-2010 Distributed by Wright Investors' Service.4% 171.

stored in a retrieval system.0% SIN 0 4. but accuracy. Information is believed reliable. electronic. completeness and opinions are not guaranteed.8% Investment Acceptance Rating Total Market Value of Shares Outstanding .Current Year Trading Volume . Wright Quality Rating Asiapac Limited LANN LANN 72 86 24 29 0 0 0. in any form or by any means. no pages on this site may be reproduced. photocopying. Inc. All Rights Reserved.Current Year Public Market Value (Excludes Closely Held) .Three Year Average . recording.0% 0. Except for quotations by established news media. or transmitted for commercial purposes.176 66. or otherwise without prior written permission.Three Year Average . Dollars.Three Year Average .Investment Acceptance: Lion Currency figures are in millions of U.Three Year Average .Current Year Turnover Rate . mechanical.Wright Quality Rating AnalysesWright Quality Rating Analyses\Investment Acceptance Wright Quality Rating .S.Current Year Stock Exchange Listings Number of Institutional Investors Number of Shareholders Closely Held Shares as % of Total Shares Outstanding Copyright ©2000-2010 Distributed by Wright Investors' Service. .

Except for quotations by established news media. in any form or by any means. All Rights Reserved.0% 0. completeness and opinions are not guaranteed. Inc.5% 0. Information is believed reliable.296. photocopying. recording. .Wright Quality Rating Analyses\Financial Strength Wright Quality Rating . mechanical. or otherwise without prior written permission.Financial Strength: Lion Wright Quality Rating Financial Strength Rating Total Shareholders' Equity (Millions of U. but accuracy. stored in a retrieval system. no pages on this site may be reproduced.3 -69.0% 0 0 0 0. or transmitted for commercial purposes.8 2.8 Long Term Debt including Leases (Millions of Singapore Dollars) Total Debt as % of Total Capital Fixed Charge Coverage Ratio: Pretax Income to Interest Expense & Preferred Dividends Fixed Charge Coverage Ratio: Pretax Income to Net Interest Income & Preferred Dividends Quick Ratio (Cash & Receivables / Current Liabilities) Current Ratio (Current Assets / Current Liabilities) Copyright ©2000-2010 Distributed by Wright Investors' Service.S. Dollars) Total Shareholders' Equity as % Total Capital Preferred Stock as % of Total Capital Long Term Debt as % of Total Capital Long Term Debt (Millions of Singapore Dollars) Lease Obligations (Millions of Singapore Dollars) Asiapac Limited L L ANN ANN 82 98.2 2.0% 6. electronic.

Inc.6% 0. Except for quotations by established news media. no pages on this site may be reproduced.4% -0. photocopying. in any form or by any means.9% -0. mechanical.3% 13.Basic Trend Cash Earnings Return on Equity .Basic Trend Cash Earnings Return on Equity . or transmitted for commercial purposes.Time-Weighted Average .4% -0. but accuracy.3% Copyright ©2000-2010 Distributed by Wright Investors' Service.3% 13.9% -0.4% Profit Rate of Earnings on Equity Capital . electronic.7% -1.1% 7.Stability Index Return On Assets (Time-Weighted Average) Pre-Tax Income as % of Total Assets (Time-Weighted Average) Operating Income as % of Total Assets (Time-Weighted Average) Operating Income as % of Total Capital (Adjusted Rate) Pre-Tax Income as % of Total Assets (Time-Weighted Average) Operating Income as % of Total Assets (Time-Weighted Average) Operating Income as % of Total Capital (Adjusted Rate) 13. completeness and opinions are not guaranteed. or otherwise without prior written permission. stored in a retrieval system. All Rights Reserved.Profitability & Stability: Lion Wright Quality Rating Profitability & Stability Rating Asiapac Limited LA LA NN NN 3.Time-Weighted Normal .0% 11. . Information is believed reliable. recording.Wright Quality Rating Analyses\Profitability & Stability Wright Quality Rating .

stored in a retrieval system. in any form or by any means. Except for quotations by established news media.0% -4. but accuracy. Inc. photocopying.9% 9.0% 5.2% -4. electronic. or transmitted for commercial purposes. completeness and opinions are not guaranteed. . no pages on this site may be reproduced. mechanical. Asiapac Limited LAN LAN Wright Quality Rating Growth Rating Normal Earnings Growth Cash Earnings Growth Cash Earnings Stability Index Earned Equity Growth Dividend Growth Operating Income Growth Assets Growth Sales/Revenues Growth N N 8.Corporate Growth: Lion Figures are expressed on a Per Share Basis. All Rights Reserved. recording. Information is believed reliable.1% Copyright ©2000-2010 Distributed by Wright Investors' Service. or otherwise without prior written permission.5% -25.0% 0.Wright Quality Rating Analyses\Corporate Growth Wright Quality Rating .0% 25.