[SOP] QoQ Annualized Quarter Result on 31-Mar-2004 [#1]

Announcement Date
24-May-2004
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2004
Quarter
31-Mar-2004 [#1]
Profit Trend
QoQ- -37.33%
YoY- 40.94%
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Annualized Quarter Result
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
Revenue 167,954 152,473 147,916 134,092 104,931 98,168 78,074 66.25%
PBT 47,403 42,976 42,196 40,048 53,192 58,798 61,510 -15.87%
Tax -13,541 -13,641 -12,816 -13,072 -10,147 -10,625 -8,188 39.63%
NP 33,862 29,334 29,380 26,976 43,045 48,173 53,322 -26.01%
-
NP to SH 33,862 29,334 29,380 26,976 43,045 48,173 53,322 -26.01%
-
Tax Rate 28.57% 31.74% 30.37% 32.64% 19.08% 18.07% 13.31% -
Total Cost 134,092 123,138 118,536 107,116 61,886 49,994 24,752 206.88%
-
Net Worth 225,999 214,597 211,756 203,269 196,695 202,305 194,709 10.39%
Dividend
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
Div 4,747 6,330 - - 4,751 - - -
Div Payout % 14.02% 21.58% - - 11.04% - - -
Equity
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
Net Worth 225,999 214,597 211,756 203,269 196,695 202,305 194,709 10.39%
NOSH 94,957 94,954 94,957 94,985 95,022 94,978 94,980 -0.01%
Ratio Analysis
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
NP Margin 20.16% 19.24% 19.86% 20.12% 41.02% 49.07% 68.30% -
ROE 14.98% 13.67% 13.87% 13.27% 21.88% 23.81% 27.39% -
Per Share
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
RPS 176.87 160.57 155.77 141.17 110.43 103.36 82.20 66.28%
EPS 35.66 30.89 30.94 28.40 45.30 50.72 56.14 -26.00%
DPS 5.00 6.67 0.00 0.00 5.00 0.00 0.00 -
NAPS 2.38 2.26 2.23 2.14 2.07 2.13 2.05 10.41%
Adjusted Per Share Value based on latest NOSH - 94,985
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
RPS 18.82 17.09 16.58 15.03 11.76 11.00 8.75 66.23%
EPS 3.79 3.29 3.29 3.02 4.82 5.40 5.98 -26.11%
DPS 0.53 0.71 0.00 0.00 0.53 0.00 0.00 -
NAPS 0.2533 0.2405 0.2373 0.2278 0.2204 0.2267 0.2182 10.40%
Price Multiplier on Financial Quarter End Date
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
Date 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 -
Price 2.23 2.22 2.31 2.79 2.03 1.92 1.95 -
P/RPS 1.26 1.38 1.48 1.98 1.84 1.86 2.37 -34.24%
P/EPS 6.25 7.19 7.47 9.82 4.48 3.79 3.47 47.77%
EY 15.99 13.92 13.39 10.18 22.32 26.42 28.79 -32.31%
DY 2.24 3.00 0.00 0.00 2.46 0.00 0.00 -
P/NAPS 0.94 0.98 1.04 1.30 0.98 0.90 0.95 -0.69%
Price Multiplier on Announcement Date
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
Date 26/04/05 24/12/04 26/07/04 24/05/04 24/05/04 27/11/03 27/08/03 -
Price 2.04 2.20 2.30 2.31 2.31 2.00 1.93 -
P/RPS 1.15 1.37 1.48 1.64 2.09 1.94 2.35 -37.76%
P/EPS 5.72 7.12 7.43 8.13 5.10 3.94 3.44 40.13%
EY 17.48 14.04 13.45 12.29 19.61 25.36 29.09 -28.68%
DY 2.45 3.03 0.00 0.00 2.16 0.00 0.00 -
P/NAPS 0.86 0.97 1.03 1.08 1.12 0.94 0.94 -5.73%

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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