[MCEMENT] QoQ Annualized Quarter Result on 30-Sep-2003 [#3]

Announcement Date
20-Nov-2003
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2003
Quarter
30-Sep-2003 [#3]
Profit Trend
QoQ- 48.03%
YoY- 27.68%
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Annualized Quarter Result
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
Revenue 1,743,964 1,714,400 1,747,997 1,756,157 1,708,906 1,628,016 1,674,005 2.76%
PBT 110,642 88,764 156,210 122,800 89,798 -27,968 101,495 5.92%
Tax -25,242 -17,268 -37,234 -26,986 -25,074 6,568 -18,110 24.80%
NP 85,400 71,496 118,976 95,813 64,724 -21,400 83,385 1.60%
-
NP to SH 85,400 71,496 118,976 95,813 64,724 -21,400 83,385 1.60%
-
Tax Rate 22.81% 19.45% 23.84% 21.98% 27.92% - 17.84% -
Total Cost 1,658,564 1,642,904 1,629,021 1,660,344 1,644,182 1,649,416 1,590,620 2.83%
-
Net Worth 1,964,199 2,085,299 2,026,355 1,954,592 1,935,941 1,991,388 2,026,718 -2.06%
Dividend
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
Div - - 57,895 - - - 43,429 -
Div Payout % - - 48.66% - - - 52.08% -
Equity
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
Net Worth 1,964,199 2,085,299 2,026,355 1,954,592 1,935,941 1,991,388 2,026,718 -2.06%
NOSH 2,846,666 2,978,999 2,894,793 2,874,400 2,889,464 2,972,222 2,895,312 -1.12%
Ratio Analysis
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
NP Margin 4.90% 4.17% 6.81% 5.46% 3.79% -1.31% 4.98% -
ROE 4.35% 3.43% 5.87% 4.90% 3.34% -1.07% 4.11% -
Per Share
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
RPS 61.26 57.55 60.38 61.10 59.14 54.77 57.82 3.93%
EPS 3.00 2.40 4.11 3.33 2.24 -0.72 2.88 2.76%
DPS 0.00 0.00 2.00 0.00 0.00 0.00 1.50 -
NAPS 0.69 0.70 0.70 0.68 0.67 0.67 0.70 -0.95%
Adjusted Per Share Value based on latest NOSH - 2,821,285
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
RPS 130.37 128.16 130.67 131.28 127.75 121.70 125.14 2.76%
EPS 6.38 5.34 8.89 7.16 4.84 -1.60 6.23 1.60%
DPS 0.00 0.00 4.33 0.00 0.00 0.00 3.25 -
NAPS 1.4683 1.5588 1.5148 1.4611 1.4472 1.4886 1.515 -2.06%
Price Multiplier on Financial Quarter End Date
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
Date 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 -
Price 2.72 2.93 3.00 2.62 2.25 2.43 2.57 -
P/RPS 4.44 5.09 4.97 4.29 3.80 4.44 4.45 -0.15%
P/EPS 90.67 122.08 72.99 78.60 100.45 -337.50 89.24 1.06%
EY 1.10 0.82 1.37 1.27 1.00 -0.30 1.12 -1.19%
DY 0.00 0.00 0.67 0.00 0.00 0.00 0.58 -
P/NAPS 3.94 4.19 4.29 3.85 3.36 3.63 3.67 4.85%
Price Multiplier on Announcement Date
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
Date 27/08/04 13/05/04 24/02/04 20/11/03 21/08/03 26/05/03 28/02/03 -
Price 2.63 2.63 3.53 3.00 2.43 2.27 2.42 -
P/RPS 4.29 4.57 5.85 4.91 4.11 4.14 4.19 1.58%
P/EPS 87.67 109.58 85.89 90.00 108.48 -315.28 84.03 2.87%
EY 1.14 0.91 1.16 1.11 0.92 -0.32 1.19 -2.82%
DY 0.00 0.00 0.57 0.00 0.00 0.00 0.62 -
P/NAPS 3.81 3.76 5.04 4.41 3.63 3.39 3.46 6.64%

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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