Profit and Loss Statement
For the year ended 31 December
2008 2007 Increase/(Decrease)
US$'000 US$'000 US$'000 %
Revenue       109,332       121,985        (12,653) -10.4%
Cost of sales        (92,823)        (90,062)          (2,761) 3.1%
Gross profit          16,509          31,923        (15,414) -48.3%
Gross profit margin 15.1% 26.2% -11.1%
Other operating income               545               540                    5 0.9%
Sales and marketing expenses          (5,818)          (4,223)          (1,595) 37.8%
General and administrative expenses
Allowance for doubtful receivables, net               903          (2,536)            3,439 NM
Others          (8,785)          (7,871)              (914) 11.6%
         (7,882)        (10,407)            2,525 -24.3%
Other operating expenses              (134)              (137)                    3 -2.2%
           3,220          17,696        (14,476) -81.8%
Exchange differences          (2,308)          (1,554)              (754) 48.5%
Operating income               912          16,142        (15,230) -94.4%
Operating margin 0.8% 13.2% 12.4%
Finance income/(expenses)
Interest income               339               526              (187) -35.6%
Interest expenses                (38)                (18)                (20) NM
              301               508              (207) -40.7%
           1,213          16,650        (15,437) -92.7%
Share of result of associates              (624)              (157)              (467) NM
Profit before tax               589          16,493        (15,904) -96.4%
Income tax refund/(expenses)                  73              (494)               567 NM
Profit for the year               662          15,999        (15,337) -95.9%
Net profit margin 0.6% 13.1% -12.5%
Attributable to:
Equity holders of the parent            1,280          15,798        (14,518) -91.9%
Minority interests              (618)               201              (819) NM
              662          15,999        (15,337) -95.9%
Basic and fully diluted earnings per share
US cents                 0.2                 2.2               (2.0) -90.9%
NM: Not meaningful