[MCEMENT] QoQ Annualized Quarter Result on 31-Dec-2010 [#4]

Announcement Date
23-Feb-2011
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2010
Quarter
31-Dec-2010 [#4]
Profit Trend
QoQ- 3.11%
YoY- -28.36%
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Annualized Quarter Result
30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 31/03/10 CAGR
Revenue 2,527,617 2,540,372 2,411,084 2,324,888 2,276,938 2,279,226 2,193,680 9.89%
PBT 360,225 345,910 275,448 345,397 334,137 296,922 228,128 35.56%
Tax -94,244 -90,668 -72,496 -54,299 -51,838 -53,364 -39,556 78.29%
NP 265,981 255,242 202,952 291,098 282,298 243,558 188,572 25.74%
-
NP to SH 267,278 258,314 207,848 295,340 286,433 247,354 192,212 24.55%
-
Tax Rate 26.16% 26.21% 26.32% 15.72% 15.51% 17.97% 17.34% -
Total Cost 2,261,636 2,285,130 2,208,132 2,033,790 1,994,640 2,035,668 2,005,108 8.34%
-
Net Worth 3,066,343 3,058,981 3,058,091 3,080,701 3,133,218 3,108,867 3,211,963 -3.04%
Dividend
30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 31/03/10 CAGR
Div 271,808 271,909 272,587 288,550 181,143 271,072 269,771 0.50%
Div Payout % 101.69% 105.26% 131.15% 97.70% 63.24% 109.59% 140.35% -
Equity
30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 31/03/10 CAGR
Net Worth 3,066,343 3,058,981 3,058,091 3,080,701 3,133,218 3,108,867 3,211,963 -3.04%
NOSH 849,402 849,717 851,836 848,678 849,110 847,102 843,035 0.50%
Ratio Analysis
30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 31/03/10 CAGR
NP Margin 10.52% 10.05% 8.42% 12.52% 12.40% 10.69% 8.60% -
ROE 8.72% 8.44% 6.80% 9.59% 9.14% 7.96% 5.98% -
Per Share
30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 31/03/10 CAGR
RPS 297.58 298.97 283.05 273.94 268.16 269.06 260.21 9.34%
EPS 31.47 30.40 24.40 34.80 33.73 29.20 22.80 23.94%
DPS 32.00 32.00 32.00 34.00 21.33 32.00 32.00 0.00%
NAPS 3.61 3.60 3.59 3.63 3.69 3.67 3.81 -3.52%
Adjusted Per Share Value based on latest NOSH - 847,505
30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 31/03/10 CAGR
RPS 188.95 189.90 180.24 173.79 170.21 170.38 163.98 9.90%
EPS 19.98 19.31 15.54 22.08 21.41 18.49 14.37 24.54%
DPS 20.32 20.33 20.38 21.57 13.54 20.26 20.17 0.49%
NAPS 2.2922 2.2867 2.286 2.3029 2.3422 2.324 2.401 -3.04%
Price Multiplier on Financial Quarter End Date
30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 31/03/10 CAGR
Date 30/09/11 30/06/11 31/03/11 30/12/10 30/09/10 30/06/10 31/03/10 -
Price 6.56 7.45 7.40 7.67 7.89 6.79 6.35 -
P/RPS 2.20 2.49 2.61 2.80 2.94 2.52 2.44 -6.66%
P/EPS 20.85 24.51 30.33 22.04 23.39 23.25 27.85 -17.53%
EY 4.80 4.08 3.30 4.54 4.28 4.30 3.59 21.34%
DY 4.88 4.30 4.32 4.43 2.70 4.71 5.04 -2.12%
P/NAPS 1.82 2.07 2.06 2.11 2.14 1.85 1.67 5.89%
Price Multiplier on Announcement Date
30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 31/03/10 CAGR
Date 22/11/11 24/08/11 24/05/11 23/02/11 29/11/10 25/08/10 26/05/10 -
Price 6.59 7.01 7.47 7.32 7.90 6.95 6.50 -
P/RPS 2.21 2.34 2.64 2.67 2.95 2.58 2.50 -7.88%
P/EPS 20.94 23.06 30.61 21.03 23.42 23.80 28.51 -18.57%
EY 4.77 4.34 3.27 4.75 4.27 4.20 3.51 22.66%
DY 4.86 4.56 4.28 4.64 2.70 4.60 4.92 -0.81%
P/NAPS 1.83 1.95 2.08 2.02 2.14 1.89 1.71 4.62%

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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