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

Announcement Date
26-May-2004
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2004
Quarter
31-Mar-2004 [#1]
Profit Trend
QoQ- 28.51%
YoY- 19.21%
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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 773,335 759,988 766,250 753,288 691,034 702,929 726,240 4.25%
PBT 59,049 59,277 73,074 85,516 59,790 61,644 61,760 -2.93%
Tax -33,511 -33,030 -42,334 -56,552 -37,336 -42,585 -42,448 -14.51%
NP 25,538 26,246 30,740 28,964 22,454 19,058 19,312 20.37%
-
NP to SH 29,588 31,646 38,706 28,964 22,538 19,170 19,412 32.27%
-
Tax Rate 56.75% 55.72% 57.93% 66.13% 62.45% 69.08% 68.73% -
Total Cost 747,797 733,741 735,510 724,324 668,580 683,870 706,928 3.80%
-
Net Worth 191,922 204,037 206,431 148,268 134,697 130,709 122,942 34.38%
Dividend
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
Div 15,993 5,552 8,601 - 4,927 5,446 - -
Div Payout % 54.05% 17.54% 22.22% - 21.87% 28.41% - -
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 191,922 204,037 206,431 148,268 134,697 130,709 122,942 34.38%
NOSH 399,837 416,403 430,066 344,809 328,529 326,772 323,533 15.08%
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 3.30% 3.45% 4.01% 3.85% 3.25% 2.71% 2.66% -
ROE 15.42% 15.51% 18.75% 19.53% 16.73% 14.67% 15.79% -
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 193.41 182.51 178.17 218.46 210.34 215.11 224.47 -9.41%
EPS 7.40 7.60 9.00 8.40 6.80 5.87 6.00 14.93%
DPS 4.00 1.33 2.00 0.00 1.50 1.67 0.00 -
NAPS 0.48 0.49 0.48 0.43 0.41 0.40 0.38 16.76%
Adjusted Per Share Value based on latest NOSH - 344,809
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
RPS 99.84 98.12 98.93 97.25 89.22 90.75 93.76 4.25%
EPS 3.82 4.09 5.00 3.74 2.91 2.48 2.51 32.14%
DPS 2.06 0.72 1.11 0.00 0.64 0.70 0.00 -
NAPS 0.2478 0.2634 0.2665 0.1914 0.1739 0.1688 0.1587 34.40%
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 2.04 1.80 1.72 2.10 2.08 2.02 1.34 -
P/RPS 1.05 0.99 0.97 0.96 0.99 0.94 0.60 44.97%
P/EPS 27.57 23.68 19.11 25.00 30.32 34.43 22.33 15.01%
EY 3.63 4.22 5.23 4.00 3.30 2.90 4.48 -13.03%
DY 1.96 0.74 1.16 0.00 0.72 0.83 0.00 -
P/NAPS 4.25 3.67 3.58 4.88 5.07 5.05 3.53 13.10%
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 23/02/05 24/11/04 25/08/04 26/05/04 25/02/04 20/11/03 27/08/03 -
Price 1.91 2.10 1.48 1.60 2.05 2.03 1.74 -
P/RPS 0.99 1.15 0.83 0.73 0.97 0.94 0.78 17.14%
P/EPS 25.81 27.63 16.44 19.05 29.88 34.60 29.00 -7.44%
EY 3.87 3.62 6.08 5.25 3.35 2.89 3.45 7.92%
DY 2.09 0.63 1.35 0.00 0.73 0.82 0.00 -
P/NAPS 3.98 4.29 3.08 3.72 5.00 5.08 4.58 -8.89%

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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