[MANULFE] QoQ Annualized Quarter Result on 31-Dec-2003 [#4]

Announcement Date
24-Feb-2004
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2003
Quarter
31-Dec-2003 [#4]
Profit Trend
QoQ- 61.23%
YoY- 61.62%
Quarter Report
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Annualized Quarter Result
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
Revenue 414,501 408,584 387,608 407,095 373,985 361,300 324,580 17.65%
PBT 51,834 48,806 45,220 48,530 38,589 35,126 24,676 63.79%
Tax -14,813 -13,928 -13,032 -4,017 -10,981 -10,004 -6,508 72.77%
NP 37,021 34,878 32,188 44,513 27,608 25,122 18,168 60.52%
-
NP to SH 37,021 34,878 32,188 44,513 27,608 25,122 18,168 60.52%
-
Tax Rate 28.58% 28.54% 28.82% 8.28% 28.46% 28.48% 26.37% -
Total Cost 377,480 373,706 355,420 362,582 346,377 336,178 306,412 14.87%
-
Net Worth 302,681 292,330 306,552 298,366 274,198 262,107 268,482 8.29%
Dividend
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
Div - - - - - - - -
Div Payout % - - - - - - - -
Equity
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
Net Worth 302,681 292,330 306,552 298,366 274,198 262,107 268,482 8.29%
NOSH 201,787 201,606 201,679 201,598 201,616 201,621 201,866 -0.02%
Ratio Analysis
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
NP Margin 8.93% 8.54% 8.30% 10.93% 7.38% 6.95% 5.60% -
ROE 12.23% 11.93% 10.50% 14.92% 10.07% 9.58% 6.77% -
Per Share
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
RPS 205.41 202.66 192.19 201.93 185.49 179.20 160.79 17.68%
EPS 18.35 17.30 15.96 22.08 13.69 12.46 9.00 60.58%
DPS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
NAPS 1.50 1.45 1.52 1.48 1.36 1.30 1.33 8.32%
Adjusted Per Share Value based on latest NOSH - 201,583
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
RPS 184.48 181.84 172.51 181.18 166.44 160.80 144.46 17.65%
EPS 16.48 15.52 14.33 19.81 12.29 11.18 8.09 60.48%
DPS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
NAPS 1.3471 1.301 1.3643 1.3279 1.2203 1.1665 1.1949 8.29%
Price Multiplier on Financial Quarter End Date
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
Date 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 -
Price 2.14 1.98 2.15 2.00 2.00 1.96 1.83 -
P/RPS 1.04 0.98 1.12 0.99 1.08 1.09 1.14 -5.92%
P/EPS 11.66 11.45 13.47 9.06 14.61 15.73 20.33 -30.89%
EY 8.57 8.74 7.42 11.04 6.85 6.36 4.92 44.62%
DY 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
P/NAPS 1.43 1.37 1.41 1.35 1.47 1.51 1.38 2.39%
Price Multiplier on Announcement Date
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
Date 25/11/04 25/08/04 26/05/04 24/02/04 19/11/03 20/08/03 23/05/03 -
Price 2.16 2.19 2.31 2.09 1.99 2.02 2.04 -
P/RPS 1.05 1.08 1.20 1.03 1.07 1.13 1.27 -11.88%
P/EPS 11.77 12.66 14.47 9.47 14.53 16.21 22.67 -35.32%
EY 8.49 7.90 6.91 10.56 6.88 6.17 4.41 54.57%
DY 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
P/NAPS 1.44 1.51 1.52 1.41 1.46 1.55 1.53 -3.95%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.

NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ & YoY figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.

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