[F&N] QoQ Annualized Quarter Result on 31-Mar-2008 [#2]

Announcement Date
07-May-2008
Admission Sponsor
-
Sponsor
-
Financial Year
30-Sep-2008
Quarter
31-Mar-2008 [#2]
Profit Trend
QoQ- 3.79%
YoY- 24.46%
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Annualized Quarter Result
31/12/08 30/09/08 30/06/08 31/03/08 31/12/07 30/09/07 30/06/07 CAGR
Revenue 3,761,552 3,674,216 3,589,636 3,615,280 3,599,824 2,865,068 2,755,053 22.95%
PBT 295,352 239,672 251,486 264,322 258,820 220,905 207,105 26.56%
Tax -74,076 -59,941 -60,572 -63,214 -66,916 -55,328 -50,942 28.20%
NP 221,276 179,731 190,914 201,108 191,904 165,577 156,162 26.02%
-
NP to SH 203,804 166,845 176,138 184,896 178,136 152,871 143,020 26.49%
-
Tax Rate 25.08% 25.01% 24.09% 23.92% 25.85% 25.05% 24.60% -
Total Cost 3,540,276 3,494,485 3,398,721 3,414,172 3,407,920 2,699,491 2,598,890 22.77%
-
Net Worth 1,229,237 1,183,601 1,125,198 1,152,922 1,200,636 1,158,113 1,101,158 7.57%
Dividend
31/12/08 30/09/08 30/06/08 31/03/08 31/12/07 30/09/07 30/06/07 CAGR
Div - 142,887 83,464 125,500 - 121,869 57,017 -
Div Payout % - 85.64% 47.39% 67.88% - 79.72% 39.87% -
Equity
31/12/08 30/09/08 30/06/08 31/03/08 31/12/07 30/09/07 30/06/07 CAGR
Net Worth 1,229,237 1,183,601 1,125,198 1,152,922 1,200,636 1,158,113 1,101,158 7.57%
NOSH 356,300 356,506 356,075 356,942 356,272 356,342 356,362 -0.01%
Ratio Analysis
31/12/08 30/09/08 30/06/08 31/03/08 31/12/07 30/09/07 30/06/07 CAGR
NP Margin 5.88% 4.89% 5.32% 5.56% 5.33% 5.78% 5.67% -
ROE 16.58% 14.10% 15.65% 16.04% 14.84% 13.20% 12.99% -
Per Share
31/12/08 30/09/08 30/06/08 31/03/08 31/12/07 30/09/07 30/06/07 CAGR
RPS 1,055.72 1,030.62 1,008.11 1,012.85 1,010.41 804.02 773.11 22.96%
EPS 57.20 46.80 49.47 51.80 50.00 42.90 40.13 26.51%
DPS 0.00 40.08 23.44 35.16 0.00 34.20 16.00 -
NAPS 3.45 3.32 3.16 3.23 3.37 3.25 3.09 7.58%
Adjusted Per Share Value based on latest NOSH - 357,567
31/12/08 30/09/08 30/06/08 31/03/08 31/12/07 30/09/07 30/06/07 CAGR
RPS 1,025.57 1,001.75 978.69 985.68 981.47 781.14 751.15 22.95%
EPS 55.57 45.49 48.02 50.41 48.57 41.68 38.99 26.51%
DPS 0.00 38.96 22.76 34.22 0.00 33.23 15.55 -
NAPS 3.3514 3.227 3.0678 3.1434 3.2735 3.1575 3.0022 7.57%
Price Multiplier on Financial Quarter End Date
31/12/08 30/09/08 30/06/08 31/03/08 31/12/07 30/09/07 30/06/07 CAGR
Date 31/12/08 30/09/08 30/06/08 31/03/08 31/12/07 28/09/07 29/06/07 -
Price 8.85 9.05 9.00 7.85 7.95 8.05 7.35 -
P/RPS 0.84 0.88 0.89 0.78 0.79 1.00 0.95 -7.84%
P/EPS 15.47 19.34 18.19 15.15 15.90 18.76 18.31 -10.58%
EY 6.46 5.17 5.50 6.60 6.29 5.33 5.46 11.80%
DY 0.00 4.43 2.60 4.48 0.00 4.25 2.18 -
P/NAPS 2.57 2.73 2.85 2.43 2.36 2.48 2.38 5.22%
Price Multiplier on Announcement Date
31/12/08 30/09/08 30/06/08 31/03/08 31/12/07 30/09/07 30/06/07 CAGR
Date 11/02/09 06/11/08 07/08/08 07/05/08 13/02/08 06/11/07 02/08/07 -
Price 9.00 8.35 9.00 8.45 7.75 7.75 7.30 -
P/RPS 0.85 0.81 0.89 0.83 0.77 0.96 0.94 -6.46%
P/EPS 15.73 17.84 18.19 16.31 15.50 18.07 18.19 -9.19%
EY 6.36 5.60 5.50 6.13 6.45 5.54 5.50 10.12%
DY 0.00 4.80 2.60 4.16 0.00 4.41 2.19 -
P/NAPS 2.61 2.52 2.85 2.62 2.30 2.38 2.36 6.91%

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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