GIORDANO INT'L 00709·

Gross margin ------------------------------------------------------------57.10%--56.49%0.61%58.43%1.94%57.00%1.43%55.76%1.24% Net margin ------------------------------------------------------------6.60%--8.66%2.06%10.04%1.38%6.43%3.61%6.20%0.23% ROE ------------------------------------------------------------7.91%--11.57%3.66%15.76%4.19%10.81%4.95%10.73%0.08% ROA ------------------------------------------------------------5.30%--8.21%2.91%10.09%1.88%6.69%3.40%6.59%0.10% Revenue growth ----------------------------------------------------------------22.80%--3.43%19.37%3.40%0.03%-4.08%7.48% Attributable profit growth ----------------------------------------------------------------54.11%--30.60%23.51%-36.02%66.62%-2.01%34.01% Debt-to-assets ------------------------------------------------------------39.09%--37.08%2.02%40.04%2.97%43.71%3.67%40.61%3.10% Current ratio ------------------------------------------------------------1.86--1.820.041.580.241.490.091.630.14 Operating cash flow / net profit ------------------------------------------------------------2.09--2.460.382.420.042.820.401.970.84 Operating cash flow / revenue ------------------------------------------------------------13.76%--21.32%7.56%24.32%3.00%18.12%6.21%12.25%5.87%

Gross margin 55.64%--57.16%1.52% Net margin 6.88%--6.32%0.56% Revenue growth -----1.03%-- Attributable profit growth -----10.74%-- Debt-to-assets ----40.64%-- Current ratio ----1.67--

Revenue ------------------------------------------------------------2.76B--3.39B22.80%3.51B3.43%3.63B3.40%3.48B4.08% Other income and gains ------------------------------------------------------------96.48M--64.32M33.34%61.62M4.19%48.15M21.86%105.68M119.46% Gross profit ------------------------------------------------------------1.58B--1.92B21.48%2.05B6.98%2.07B0.88%1.94B6.18% Selling and distribution expenses ------------------------------------------------------------1.31B--1.42B8.57%1.48B3.74%1.55B4.69%1.57B1.27% Administrative expenses ------------------------------------------------------------147.99M--177.76M20.12%179.43M0.94%221.32M23.35%197.81M10.63% Net finance costs ------------------------------------------------------------23.71M--22.33M5.81%36.25M62.32%42.60M17.52%40.64M4.58% Income tax ------------------------------------------------------------42.52M--95.58M124.81%107.84M12.83%91.68M14.99%27.10M70.44% Operating profit ------------------------------------------------------------215.03M--379.64M76.55%455.83M20.07%349.12M23.41%282.71M19.02% Share of associates and JVs ------------------------------------------------------------33.52M--32.16M4.07%40.78M26.81%18.52M54.58%903.22K95.12% Profit before tax ------------------------------------------------------------224.84M--389.47M73.22%460.36M18.20%325.04M29.39%242.97M25.25% Net profit ------------------------------------------------------------182.32M--293.89M61.19%352.52M19.95%233.36M33.80%215.87M7.50% Net profit attributable to owners ------------------------------------------------------------155.34M--239.40M54.11%312.65M30.60%200.02M36.02%196.00M2.01%

Revenue 1.93B--1.91B1.03% Other income and gains 49.00M--28.00M42.86% Cost of sales 858.00M--820.00M4.43% Gross profit 1.08B--1.09B1.67% Selling and distribution expenses 842.00M--850.00M0.95% Administrative expenses 104.00M--117.00M12.50% Net finance costs 23.00M--19.00M17.39% Income tax 23.00M--15.00M34.78% Operating profit 179.00M--155.00M13.41% Share of associates and JVs 0--0-- Profit before tax 156.00M--136.00M12.82% Net profit 133.00M--121.00M9.02% Net profit attributable to owners 121.00M--108.00M10.74%

Cash and cash equivalents ------------------------------------------------------------852.76M--857.54M0.56%847.32M1.19%774.17M8.63%653.03M15.65% Trade and bills receivables ------------------------------------------------------------336.03M--348.38M3.67%289.08M17.02%316.71M9.55%333.29M5.24% Inventories ------------------------------------------------------------495.47M--546.68M10.34%429.55M21.43%470.43M9.52%502.19M6.75% Total current assets ------------------------------------------------------------1.70B--1.77B3.75%1.57B10.97%1.57B0.35%1.51B3.67% Total assets ------------------------------------------------------------3.44B--3.58B4.06%3.49B2.40%3.49B0.20%3.27B6.12% Total current liabilities ------------------------------------------------------------917.35M--970.98M5.85%993.22M2.29%1.05B5.73%926.70M11.75% Total liabilities ------------------------------------------------------------1.34B--1.33B1.31%1.40B5.41%1.52B8.94%1.33B12.77% Equity attributable to owners ------------------------------------------------------------1.96B--2.07B5.39%1.98B4.15%1.85B6.73%1.83B1.29% Total equity ------------------------------------------------------------2.10B--2.25B7.51%2.10B7.00%1.96B6.30%1.94B0.95%

Cash and cash equivalents ----674.00M-- Trade and bills receivables ----390.00M-- Inventories ----580.00M-- Total current assets ----1.67B-- Total assets ----3.56B-- Total current liabilities ----999.00M-- Total liabilities ----1.45B-- Equity attributable to owners ----2.00B-- Total equity ----2.12B--

Net cash from operating activities ------------------------------------------------------------380.18M--723.55M90.32%853.66M17.98%657.49M22.98%426.32M35.16% Net cash from investing activities -------------------------------------------------------------13.90M---67.89M388.43%-140.46M106.90%137.98M198.23%9.03M93.45% Net cash from financing activities -------------------------------------------------------------524.08M---761.96M45.39%-839.16M10.13%-721.39M14.03%-580.77M19.49% Net change in cash -------------------------------------------------------------157.80M---106.30M32.64%-125.96M18.50%74.08M158.81%-145.42M296.29%