[TM] QoQ Annualized Quarter Result on 31-Mar-2003 [#1]

Announcement Date
27-May-2003
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2003
Quarter
31-Mar-2003 [#1]
Profit Trend
QoQ- 32.47%
YoY- -0.3%
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Annualized Quarter Result
31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 30/06/02 CAGR
Revenue 11,796,350 11,461,788 10,577,858 9,351,944 9,834,138 9,694,286 9,555,084 15.03%
PBT 1,810,452 1,732,204 1,687,192 1,724,640 1,530,334 1,711,472 1,741,326 2.62%
Tax -420,038 -544,665 -572,270 -606,248 -686,058 -722,629 -659,140 -25.88%
NP 1,390,414 1,187,538 1,114,922 1,118,392 844,276 988,842 1,082,186 18.13%
-
NP to SH 1,390,414 1,187,538 1,114,922 1,118,392 844,276 988,842 1,082,186 18.13%
-
Tax Rate 23.20% 31.44% 33.92% 35.15% 44.83% 42.22% 37.85% -
Total Cost 10,405,936 10,274,249 9,462,936 8,233,552 8,989,862 8,705,444 8,472,898 14.64%
-
Net Worth 12,468,442 11,867,964 11,417,498 14,075,216 13,651,822 12,617,945 15,770,343 -14.46%
Dividend
31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 30/06/02 CAGR
Div 637,804 - - - 315,313 - - -
Div Payout % 45.87% - - - 37.35% - - -
Equity
31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 30/06/02 CAGR
Net Worth 12,468,442 11,867,964 11,417,498 14,075,216 13,651,822 12,617,945 15,770,343 -14.46%
NOSH 3,189,023 3,180,907 3,167,391 3,177,249 3,153,137 3,154,486 3,145,889 0.90%
Ratio Analysis
31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 30/06/02 CAGR
NP Margin 11.79% 10.36% 10.54% 11.96% 8.59% 10.20% 11.33% -
ROE 11.15% 10.01% 9.77% 7.95% 6.18% 7.84% 6.86% -
Per Share
31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 30/06/02 CAGR
RPS 369.90 360.33 333.96 294.34 311.88 307.32 303.73 14.00%
EPS 43.60 37.33 35.20 35.20 26.80 31.33 34.40 17.06%
DPS 20.00 0.00 0.00 0.00 10.00 0.00 0.00 -
NAPS 3.9098 3.731 3.6047 4.43 4.3296 4.00 5.013 -15.23%
Adjusted Per Share Value based on latest NOSH - 3,177,249
31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 30/06/02 CAGR
RPS 307.38 298.66 275.63 243.69 256.25 252.61 248.98 15.03%
EPS 36.23 30.94 29.05 29.14 22.00 25.77 28.20 18.12%
DPS 16.62 0.00 0.00 0.00 8.22 0.00 0.00 -
NAPS 3.2489 3.0925 2.9751 3.6676 3.5573 3.2879 4.1093 -14.46%
Price Multiplier on Financial Quarter End Date
31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 30/06/02 CAGR
Date 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 28/06/02 -
Price 4.20 3.67 3.92 3.58 3.95 3.55 3.97 -
P/RPS 1.14 1.02 1.17 1.22 1.27 1.16 1.31 -8.82%
P/EPS 9.63 9.83 11.14 10.17 14.75 11.32 11.54 -11.33%
EY 10.38 10.17 8.98 9.83 6.78 8.83 8.66 12.80%
DY 4.76 0.00 0.00 0.00 2.53 0.00 0.00 -
P/NAPS 1.07 0.98 1.09 0.81 0.91 0.89 0.79 22.34%
Price Multiplier on Announcement Date
31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 30/06/02 CAGR
Date 26/02/04 21/11/03 26/08/03 27/05/03 27/02/03 29/11/02 27/08/02 -
Price 5.25 4.18 3.95 3.78 3.95 3.60 4.22 -
P/RPS 1.42 1.16 1.18 1.28 1.27 1.17 1.39 1.42%
P/EPS 12.04 11.20 11.22 10.74 14.75 11.48 12.27 -1.25%
EY 8.30 8.93 8.91 9.31 6.78 8.71 8.15 1.21%
DY 3.81 0.00 0.00 0.00 2.53 0.00 0.00 -
P/NAPS 1.34 1.12 1.10 0.85 0.91 0.90 0.84 36.41%

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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