Ocean Sky Intl : Second Quarter Results * Financial Statement And Related Announcement

Ocean Sky International Limited

5 Tampines Central 1

#03-03 Tampines Plaza

Singapore 529541

Tel: [phone]

Fax: [phone] www.oceanskyintl.com

Media ReleaseOCEAN SKY HY 2011 NET PROFIT GREW 27.3% TO US$3.6MILLION

Proposes an interim dividend of S$0.008 per ordinary share

Revenue rose 20.8% to US$65.3 million in 2Q 2011 from US$54.1 million in 2Q

2010 due to new customers and higher FOB unit prices

Gross profit increased 22.1% to US$9.5 million in 2Q 2011 from US$7.8 million in 2Q 2010

Net profit increased 28.4% to US$1.8 million in 2Q 2011 from US$ 1.4 million in 2Q 2010 due to higher revenue recorded

	3 months ended 30 June	6 months ended 30 June
(US$ ’m)	2011	2010	% Change	2011	2010	% Change
Revenue	65.3	54.1	20.8	126.2	98.8	27.8
Gross Profit	9.5	7.8	22.1	18.5	15.5	19.2
Gross Margins	14.5%	14.4%	+0.1%PT	14.7%	15.7%	-1.0%PT
Net Profit	1.8	1.4	28.4	3.6	2.8	27.3
Net Margins	2.7%	2.6%	+0.1%PT	2.8%	2.9%	-0.1%PT

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Singapore, 11 Aug 2011 – Mainboard listed Ocean Sky International Limited (“Ocean Sky”) and together with its subsidiaries, (the “Group” or “