[BSTEAD] QoQ Annualized Quarter Result on 31-Mar-2004 [#1]

Announcement Date
18-May-2004
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2004
Quarter
31-Mar-2004 [#1]
Profit Trend
QoQ- 32.75%
YoY- 107.36%
Quarter Report
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Annualized Quarter Result
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
Revenue 1,267,743 1,240,858 1,141,082 1,197,224 1,081,496 1,028,477 947,208 21.34%
PBT 246,754 275,754 263,404 311,512 207,933 187,142 162,170 32.12%
Tax -127,594 -153,744 -148,974 -162,156 -95,421 -101,549 -104,510 14.16%
NP 119,160 122,010 114,430 149,356 112,512 85,593 57,660 61.88%
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NP to SH 119,160 122,010 114,430 149,356 112,512 85,593 57,660 61.88%
-
Tax Rate 51.71% 55.75% 56.56% 52.05% 45.89% 54.26% 64.44% -
Total Cost 1,148,583 1,118,848 1,026,652 1,047,868 968,984 942,884 889,548 18.48%
-
Net Worth 1,770,604 1,761,711 1,704,276 1,753,885 1,378,315 1,364,039 1,363,222 18.94%
Dividend
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
Div 91,092 74,807 55,333 - 16,202 13,640 20,448 169.51%
Div Payout % 76.45% 61.31% 48.36% - 14.40% 15.94% 35.46% -
Equity
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
Net Worth 1,770,604 1,761,711 1,704,276 1,753,885 1,378,315 1,364,039 1,363,222 18.94%
NOSH 569,326 561,054 553,336 551,536 432,073 272,807 272,644 63.00%
Ratio Analysis
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
NP Margin 9.40% 9.83% 10.03% 12.48% 10.40% 8.32% 6.09% -
ROE 6.73% 6.93% 6.71% 8.52% 8.16% 6.27% 4.23% -
Per Share
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
RPS 222.67 221.17 206.22 217.07 250.30 377.00 347.42 -25.56%
EPS 20.93 21.75 20.68 27.08 26.04 20.91 14.08 30.09%
DPS 16.00 13.33 10.00 0.00 3.75 5.00 7.50 65.33%
NAPS 3.11 3.14 3.08 3.18 3.19 5.00 5.00 -27.02%
Adjusted Per Share Value based on latest NOSH - 551,536
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
RPS 62.54 61.22 56.29 59.06 53.35 50.74 46.73 21.33%
EPS 5.88 6.02 5.65 7.37 5.55 4.22 2.84 62.08%
DPS 4.49 3.69 2.73 0.00 0.80 0.67 1.01 169.14%
NAPS 0.8735 0.8691 0.8408 0.8653 0.68 0.6729 0.6725 18.95%
Price Multiplier on Financial Quarter End Date
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
Date 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 -
Price 1.51 1.53 1.38 1.68 1.18 1.53 1.71 -
P/RPS 0.68 0.69 0.67 0.77 0.47 0.41 0.49 24.29%
P/EPS 7.21 7.04 6.67 6.20 4.53 4.88 8.09 -7.35%
EY 13.86 14.21 14.99 16.12 22.07 20.51 12.37 7.83%
DY 10.60 8.71 7.25 0.00 3.18 3.27 4.39 79.50%
P/NAPS 0.49 0.49 0.45 0.53 0.37 0.31 0.34 27.44%
Price Multiplier on Announcement Date
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
Date 25/02/05 29/11/04 18/08/04 18/05/04 27/02/04 03/12/03 04/09/03 -
Price 1.57 1.52 1.35 1.49 1.49 1.25 1.68 -
P/RPS 0.71 0.69 0.65 0.69 0.60 0.33 0.48 29.66%
P/EPS 7.50 6.99 6.53 5.50 5.72 3.98 7.94 -3.71%
EY 13.33 14.31 15.32 18.17 17.48 25.10 12.59 3.86%
DY 10.19 8.77 7.41 0.00 2.52 4.00 4.46 73.03%
P/NAPS 0.50 0.48 0.44 0.47 0.47 0.25 0.34 29.16%

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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