Armstrong- Full year results

Armstrong Industrial Corporation Limited is a leading foam and rubber components manufacturer
specializing in noise, vibration & heat management for the automotive and electronics industries.

4Q2010 vs 4Q2009

• Gross Profit increased by 15.7% to S$15.4 million from S$13.3million with improved Gross Margin
  

• Net Profit attributable to shareholders maintained at S$6.2 million.
  

• Net profit margin declines 0.4% mainly due to JPY appreciation and USD depreciation against SGD.

FY2010 vs FY2009

• Record Revenue & Net Profit achieved

• Gross Profit increased by 40.5% to S$62.0 million from S$44.2 million

with Gross Margin improving from 25.4% to 27.5%

• Net Profit attributable to shareholders grew by 77.1% to S$24.9 million.
  

• Recommends final dividend of two Singapore cents to supplement interim dividend of two Singapore cents, a yield of 10.4% based on closing share price on 24 Feb 2011 of S$0.385.