Financial Highlights

• Revenue in 2008 increased by 18.1% to US$643.4m (2007: US$544.6m) *
• Profit before tax in 2008 increased by 18.7% to US$40.7m (2007: US$34.3m) **
• Profit before tax margin was maintained at 6.3%, in line with 2007 **
• Cash balance at the end of 2008 increased by 24.8% to US$154.4m (2007: US$123.7m) 
• EPS (basic and fully diluted) 25.09*** US$ cents up 10%*** (2007: 22.81US$ cents)
• Backlog at the end of 2008 increased by 68.3% to US$1,003.8m (2007: US$596.4m)
• Final dividend of 3.8 US cents per share in line with dividend policy outlined at the time of IPO.*

* Excluding JV operations

** Before flotation costs of $4.695m in 2008.

*** For the full year 2008 year ended 31st December 2008 stated before reflecting non-recurring costs arising from the admission of Kentz Corporation Limited to AIM