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Home > Investor Relations > Announcements

Pre-Close Trading Update And Declaration of Dividend
12 April 2012

(“CSF” or the “Group”)

Pre-Close Trading Update And Declaration of Dividend

CSF, a leading provider of data centre facilities and services in South East Asia and the largest provider of data centre services in Malaysia, announces the following pre-close trading statement for the year ended 31 March 2012.

The Group has finished the current year well and the Directors are pleased to announce that the Group’s results for the year will be in line with market expectations.

The Group remains focused on growing all segments of its business and has seen good levels of activity across all disciplines. We see particular opportunities within our data centre rental segment driven by the specific requirements for data centre space indicated by certain telecommunications and multimedia companies based in the South East Asia region and also in the USA.

The tenancy of Block A of CX5 commenced recently and we remain focused on securing additional tenancies for Blocks B and C of CX5, which continues to progress in line with our internal assumptions. The management team is also negotiating to undertake additional projects to design and develop data centres for third parties across the region and is actively pursuing projects in Singapore, Malaysia and Thailand.

The Board of CSF is also pleased to announce today that it has declared an interim dividend for the year ended 31 March 2012 of 9.412 sen (1.923p*) per share. The dividend will be payable on 4 May 2012 to all shareholders on the register on 20 April 2012. The Board does not intend to propose any further dividends in respect of the financial year ended 31 March 2012.

Adrian Yong, CEO of CSF Group, commented:

“We continue to see good levels of new business opportunities across the Group and remain particularly encouraged by our pipeline. Our declaration of dividend for the financial year ended 31 March 2012 demonstrates the Group’s ability to generate strong cash flows and also its commitment to provide appropriate returns to shareholders.

We remain well placed to continue to drive the business forward, both in terms of earnings growth and geographic expansion and I look forward to providing further details when we announce our preliminary results in July 2012."

* The translation of the dividend per share into the pro forma amount in Pence is included solely for convenience. The pro forma amount in Pence is stated, as a matter of arithmetical computation only, on the basis of all balances being translated from Malaysian Ringgit into pounds Sterling at the rate prevailing on 12 April 2012 of RM4.894 : £1.00. This translation should not be construed as meaning that the Malaysian Ringgit amounts actually represent, or have been or could be converted into the stated number of pounds Sterling

For further information:

CSF Group
Adrian Yong, Chief Executive
+603 8318 1313

Cenkos Securities (Nominated Adviser & Broker)
Ian Soanes or Bobbie Hilliam
+44 (0)20 7397 8900

Jeremy Garcia / Gabriella Clinkard
+44 (0)20 7466 5000