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

Announcement Date
26-Feb-2004
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2003
Quarter
31-Dec-2003 [#4]
Profit Trend
QoQ- 3.15%
YoY- 18.92%
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 1,318,254 1,284,888 1,247,956 1,363,895 1,520,452 1,654,398 1,563,540 -10.72%
PBT 235,682 233,768 220,416 206,800 210,305 215,226 178,556 20.26%
Tax -81,196 -70,980 -79,524 -61,076 -69,036 -75,760 -69,248 11.16%
NP 154,486 162,788 140,892 145,724 141,269 139,466 109,308 25.85%
-
NP to SH 154,486 162,788 140,892 145,724 141,269 139,466 109,308 25.85%
-
Tax Rate 34.45% 30.36% 36.08% 29.53% 32.83% 35.20% 38.78% -
Total Cost 1,163,768 1,122,100 1,107,064 1,218,171 1,379,182 1,514,932 1,454,232 -13.76%
-
Net Worth 1,576,937 1,530,482 1,488,728 1,442,738 1,386,632 1,487,440 1,428,291 6.80%
Dividend
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
Div 41,607 80,551 - 55,775 24,585 36,817 - -
Div Payout % 26.93% 49.48% - 38.28% 17.40% 26.40% - -
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 1,576,937 1,530,482 1,488,728 1,442,738 1,386,632 1,487,440 1,428,291 6.80%
NOSH 416,078 402,758 383,692 371,839 368,785 368,178 364,360 9.22%
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 11.72% 12.67% 11.29% 10.68% 9.29% 8.43% 6.99% -
ROE 9.80% 10.64% 9.46% 10.10% 10.19% 9.38% 7.65% -
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 316.83 319.02 325.25 366.80 412.29 449.35 429.12 -18.26%
EPS 35.74 38.64 36.72 39.19 38.31 37.88 30.00 12.34%
DPS 10.00 20.00 0.00 15.00 6.67 10.00 0.00 -
NAPS 3.79 3.80 3.88 3.88 3.76 4.04 3.92 -2.21%
Adjusted Per Share Value based on latest NOSH - 380,957
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
RPS 37.66 36.70 35.65 38.96 43.43 47.26 44.66 -10.71%
EPS 4.41 4.65 4.02 4.16 4.04 3.98 3.12 25.86%
DPS 1.19 2.30 0.00 1.59 0.70 1.05 0.00 -
NAPS 0.4505 0.4372 0.4253 0.4121 0.3961 0.4249 0.408 6.80%
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 4.60 4.78 4.98 4.66 4.70 4.80 4.48 -
P/RPS 1.45 1.50 1.53 1.27 1.14 1.07 1.04 24.72%
P/EPS 12.39 11.83 13.56 11.89 12.27 12.67 14.93 -11.66%
EY 8.07 8.46 7.37 8.41 8.15 7.89 6.70 13.16%
DY 2.17 4.18 0.00 3.22 1.42 2.08 0.00 -
P/NAPS 1.21 1.26 1.28 1.20 1.25 1.19 1.14 4.04%
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 24/11/04 18/08/04 19/05/04 26/02/04 13/11/03 20/08/03 21/05/03 -
Price 4.66 4.56 4.60 4.68 5.20 4.86 4.10 -
P/RPS 1.47 1.43 1.41 1.28 1.26 1.08 0.96 32.74%
P/EPS 12.55 11.28 12.53 11.94 13.57 12.83 13.67 -5.52%
EY 7.97 8.86 7.98 8.37 7.37 7.79 7.32 5.81%
DY 2.15 4.39 0.00 3.21 1.28 2.06 0.00 -
P/NAPS 1.23 1.20 1.19 1.21 1.38 1.20 1.05 11.09%

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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