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

Announcement Date
29-May-2003
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2003
Quarter
31-Mar-2003 [#1]
Profit Trend
QoQ- -53.41%
YoY- -56.65%
Quarter Report
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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 223,359 207,688 222,428 209,480 234,608 207,688 201,852 6.96%
PBT 23,267 35,300 19,668 24,900 34,467 35,300 36,238 -25.51%
Tax -15,708 -10,785 -9,292 -13,448 -9,887 -10,785 -11,192 25.27%
NP 7,559 24,514 10,376 11,452 24,580 24,514 25,046 -54.90%
-
NP to SH 7,559 24,514 10,376 11,452 24,580 24,514 25,046 -54.90%
-
Tax Rate 67.51% 30.55% 47.24% 54.01% 28.69% 30.55% 30.88% -
Total Cost 215,800 183,173 212,052 198,028 210,028 183,173 176,806 14.16%
-
Net Worth 118,960 63,868 112,726 109,430 104,092 98,817 93,473 17.38%
Dividend
31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 30/06/02 CAGR
Div 4,018 - - - 4,785 - - -
Div Payout % 53.17% - - - 19.47% - - -
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 118,960 63,868 112,726 109,430 104,092 98,817 93,473 17.38%
NOSH 80,378 63,868 64,049 63,622 59,823 59,889 59,918 21.56%
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 3.38% 11.80% 4.66% 5.47% 10.48% 11.80% 12.41% -
ROE 6.35% 38.38% 9.20% 10.47% 23.61% 24.81% 26.79% -
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 277.88 325.18 347.28 329.26 392.17 346.79 336.88 -12.01%
EPS 7.50 30.67 16.20 18.00 32.40 40.93 41.80 -68.08%
DPS 5.00 0.00 0.00 0.00 8.00 0.00 0.00 -
NAPS 1.48 1.00 1.76 1.72 1.74 1.65 1.56 -3.43%
Adjusted Per Share Value based on latest NOSH - 63,622
31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 30/06/02 CAGR
RPS 128.04 119.05 127.50 120.08 134.48 119.05 115.71 6.96%
EPS 4.33 14.05 5.95 6.56 14.09 14.05 14.36 -54.93%
DPS 2.30 0.00 0.00 0.00 2.74 0.00 0.00 -
NAPS 0.6819 0.3661 0.6462 0.6273 0.5967 0.5665 0.5358 17.38%
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 2.07 3.18 2.98 2.86 3.18 3.06 3.40 -
P/RPS 0.74 0.98 0.86 0.87 0.81 0.88 1.01 -18.68%
P/EPS 22.01 8.28 18.40 15.89 7.74 7.48 8.13 93.89%
EY 4.54 12.07 5.44 6.29 12.92 13.38 12.29 -48.42%
DY 2.42 0.00 0.00 0.00 2.52 0.00 0.00 -
P/NAPS 1.40 3.18 1.69 1.66 1.83 1.85 2.18 -25.50%
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 27/02/04 21/11/03 28/08/03 29/05/03 28/02/03 28/11/02 11/10/02 -
Price 2.20 2.46 3.20 3.12 3.08 3.26 3.00 -
P/RPS 0.79 0.76 0.92 0.95 0.79 0.94 0.89 -7.61%
P/EPS 23.39 6.41 19.75 17.33 7.50 7.96 7.18 119.28%
EY 4.27 15.60 5.06 5.77 13.34 12.56 13.93 -54.43%
DY 2.27 0.00 0.00 0.00 2.60 0.00 0.00 -
P/NAPS 1.49 2.46 1.82 1.81 1.77 1.98 1.92 -15.51%

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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