[TM] QoQ Annualized Quarter Result on 30-Jun-2003 [#2]

Announcement Date
26-Aug-2003
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2003
Quarter
30-Jun-2003 [#2]
Profit Trend
QoQ- -0.31%
YoY- 3.02%
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Annualized Quarter Result
31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 CAGR
Revenue 13,028,176 11,796,350 11,461,788 10,577,858 9,351,944 9,834,138 9,694,286 21.75%
PBT 2,824,284 1,810,452 1,732,204 1,687,192 1,724,640 1,530,334 1,711,472 39.60%
Tax -795,760 -420,038 -544,665 -572,270 -606,248 -686,058 -722,629 6.63%
NP 2,028,524 1,390,414 1,187,538 1,114,922 1,118,392 844,276 988,842 61.37%
-
NP to SH 2,028,524 1,390,414 1,187,538 1,114,922 1,118,392 844,276 988,842 61.37%
-
Tax Rate 28.18% 23.20% 31.44% 33.92% 35.15% 44.83% 42.22% -
Total Cost 10,999,652 10,405,936 10,274,249 9,462,936 8,233,552 8,989,862 8,705,444 16.85%
-
Net Worth 13,660,595 12,468,442 11,867,964 11,417,498 14,075,216 13,651,822 12,617,945 5.43%
Dividend
31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 CAGR
Div - 637,804 - - - 315,313 - -
Div Payout % - 45.87% - - - 37.35% - -
Equity
31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 CAGR
Net Worth 13,660,595 12,468,442 11,867,964 11,417,498 14,075,216 13,651,822 12,617,945 5.43%
NOSH 3,293,058 3,189,023 3,180,907 3,167,391 3,177,249 3,153,137 3,154,486 2.90%
Ratio Analysis
31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 CAGR
NP Margin 15.57% 11.79% 10.36% 10.54% 11.96% 8.59% 10.20% -
ROE 14.85% 11.15% 10.01% 9.77% 7.95% 6.18% 7.84% -
Per Share
31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 CAGR
RPS 395.63 369.90 360.33 333.96 294.34 311.88 307.32 18.32%
EPS 61.60 43.60 37.33 35.20 35.20 26.80 31.33 56.88%
DPS 0.00 20.00 0.00 0.00 0.00 10.00 0.00 -
NAPS 4.1483 3.9098 3.731 3.6047 4.43 4.3296 4.00 2.45%
Adjusted Per Share Value based on latest NOSH - 3,157,534
31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 CAGR
RPS 339.54 307.44 298.72 275.68 243.73 256.30 252.66 21.75%
EPS 52.87 36.24 30.95 29.06 29.15 22.00 25.77 61.38%
DPS 0.00 16.62 0.00 0.00 0.00 8.22 0.00 -
NAPS 3.5603 3.2496 3.0931 2.9757 3.6683 3.558 3.2885 5.43%
Price Multiplier on Financial Quarter End Date
31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 CAGR
Date 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 -
Price 5.15 4.20 3.67 3.92 3.58 3.95 3.55 -
P/RPS 1.30 1.14 1.02 1.17 1.22 1.27 1.16 7.88%
P/EPS 8.36 9.63 9.83 11.14 10.17 14.75 11.32 -18.28%
EY 11.96 10.38 10.17 8.98 9.83 6.78 8.83 22.39%
DY 0.00 4.76 0.00 0.00 0.00 2.53 0.00 -
P/NAPS 1.24 1.07 0.98 1.09 0.81 0.91 0.89 24.71%
Price Multiplier on Announcement Date
31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 CAGR
Date 26/05/04 26/02/04 21/11/03 26/08/03 27/05/03 27/02/03 29/11/02 -
Price 4.75 5.25 4.18 3.95 3.78 3.95 3.60 -
P/RPS 1.20 1.42 1.16 1.18 1.28 1.27 1.17 1.70%
P/EPS 7.71 12.04 11.20 11.22 10.74 14.75 11.48 -23.29%
EY 12.97 8.30 8.93 8.91 9.31 6.78 8.71 30.36%
DY 0.00 3.81 0.00 0.00 0.00 2.53 0.00 -
P/NAPS 1.15 1.34 1.12 1.10 0.85 0.91 0.90 17.73%

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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