Coastal Contracts Berhad

Company Name	:	COASTAL CONTRACTS BHD
Stock Name	:	COASTAL
Date Announced	:	24/11/2011

Financial Year End	:	31/12/2011
Quarter	:	3
Quarterly report for the financial period ended	:	30/09/2011
The figures	:	have not been audited

Converted attachment :

Please attach the full Quarterly Report here:

Coastal 3rd Quarter 2011.pdf

Remark:

Currency	:	Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION

30/09/2011

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30/09/2011	30/09/2010	30/09/2011	30/09/2010
		$$'000	$$'000	$$'000	$$'000
1	Revenue	110,211	192,091	499,890	471,852
2	Profit/(loss) before tax	36,560	53,601	139,508	145,205
3	Profit/(loss) for the period	36,657	53,634	139,360	145,215
4	Profit/(loss) attributable to ordinary equity holders of the parent	36,657	53,634	139,360	145,215
5	Basic earnings/(loss) per share (Subunit)	7.59	11.10	28.84	30.05
6	Proposed/Declared dividend per share (Subunit)	4.20	0.00	9.70	5.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.4917		1.6627

Remarks :

Basic earnings per share for individual quarter for preceding year corresponding quarter of 11.10 sen and cumulative quarter for preceding year corresponding period of 30.05 sen have been restated for the effects of 1:3 bonus issue on 18 July 2011.

9 Months ended 30.09.2011 Income Statement Revenue 499.890m Gross profit 139.847m PBT 139.508m PAT 139.360M EPS Basic 28.84 sen Diluted N/A Finance costs (0.484m) Income Tax expense (0.148m) Bonus issue: 1:3 bonus issue on 18 July 2011. Balance Sheet ASSETS NCL 100.970m CA 1,015.196m TOTAL ASSETS 1,116.166m EQUITY AND LIABILITIES Total equity 720.911m NCL  17.138m CL 378.117m TOTAL LIABILITIES  395.255m TOTAL EQUITY AND LIABILITIES 1,116.166m Net assets per share RM 1.4917  Inventories 743.153m Trade receivables 15.712m Other receivables 59.045m Trade payables 4.207m Other payables 369.819m Cash and bank balances 196.749m LT Borrowings 12.251m ST Borrowings 4.070m Dividends 30.9.2011 (20.296M) 30.9.2010 ( 99.424M) Cash flow statement Net cash generated from operating activities  103.427m Net cash generated from investing activities  13.208m Net cash used in financing activities (74.919m) Weighted average number of ordinary shares in issue 483.266m. For diluted earnings per share calculations, the weighted average number of ordinary shares in issue is adjusted to assume that the maximum number of new ordinary shares have been issued pursuant to the share options granted under the warrants ("Warrants").  The dilutive portion of the ordinary shares deemed issued pursuant to the /Warrants are accounted for in the diluted earnings per share calculation.  The Warrant has a dilutive effect only when the average price of ordinary shares of the Company during the period exceeds the exercise price of the options granted.  As the average market price of ordinary shares during the period (RM 2.78) is lower than the exercise price of the options (RM 3.18), the options were not assumed to be exercised because they were anti-dilutive in the period. Market Watch Recent Financial Results Announcement Date Financial Yr. End Qtr Period End Revenue RM '000 Profit/Lost RM'000 EPS Amended 24-Nov-11 31-Dec-11 3 30-Sep-11 110,211 36,657 7.59 - 23-Aug-11 31-Dec-11 2 30-Jun-11 233,849 46,611 9.651# - 27-May-11 31-Dec-11 1 31-Mar-11 155,830 56,092 11.614# - 23-Feb-11 31-Dec-10 4 31-Dec-10 203,403 55,663 11.525# - # Adjusted Bonus issue:  1:3 bonus issue on 18 July 2011. ttm-EPS  40.38 sen Price RM 1.85 Trailing PE  4.6x Share Price Performance    High Low Prices 1 Month 2.040   (15-Nov-11) 1.770   (10-Nov-11) Prices 3 Months 2.130   (07-Sep-11) 1.620   (26-Sep-11) Prices 12 Months 3.820   (25-Apr-11) 1.620   (26-Sep-11) Volume 12 Months 65,994   (05-Apr-11) 330   (01-Dec-10) 23.11.2011 Price RM 1.950 PE 4.14x DY 3.21% Market Capitalisation 942.4m ROE 27%