[HSL] QoQ Annualized Quarter Result on 31-Dec-2003 [#4]

Announcement Date
20-Feb-2004
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2003
Quarter
31-Dec-2003 [#4]
Profit Trend
QoQ- 13.17%
YoY- 69.89%
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Annualized Quarter Result
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
Revenue 286,717 284,456 275,540 287,526 257,262 250,886 234,596 14.26%
PBT 36,240 34,614 32,764 29,359 26,349 24,874 24,208 30.76%
Tax -10,225 -9,728 -9,264 -8,671 -8,069 -7,570 -7,152 26.82%
NP 26,014 24,886 23,500 20,688 18,280 17,304 17,056 32.39%
-
NP to SH 26,014 24,886 23,500 20,688 18,280 17,304 17,056 32.39%
-
Tax Rate 28.21% 28.10% 28.27% 29.53% 30.62% 30.43% 29.54% -
Total Cost 260,702 259,570 252,040 266,838 238,982 233,582 217,540 12.78%
-
Net Worth 158,770 152,197 151,805 147,466 143,656 139,286 139,657 8.90%
Dividend
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
Div 7,742 13,058 - 11,043 - 8,843 - -
Div Payout % 29.76% 52.47% - 53.38% - 51.11% - -
Equity
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
Net Worth 158,770 152,197 151,805 147,466 143,656 139,286 139,657 8.90%
NOSH 116,136 116,181 116,567 73,622 73,670 73,696 74,285 34.59%
Ratio Analysis
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
NP Margin 9.07% 8.75% 8.53% 7.20% 7.11% 6.90% 7.27% -
ROE 16.39% 16.35% 15.48% 14.03% 12.72% 12.42% 12.21% -
Per Share
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
RPS 246.88 244.84 236.38 390.54 349.21 340.43 315.80 -15.09%
EPS 22.40 21.42 20.16 28.10 24.81 23.48 22.96 -1.62%
DPS 6.67 11.24 0.00 15.00 0.00 12.00 0.00 -
NAPS 1.3671 1.31 1.3023 2.003 1.95 1.89 1.88 -19.08%
Adjusted Per Share Value based on latest NOSH - 72,991
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
RPS 49.21 48.82 47.29 49.35 44.15 43.06 40.26 14.27%
EPS 4.46 4.27 4.03 3.55 3.14 2.97 2.93 32.22%
DPS 1.33 2.24 0.00 1.90 0.00 1.52 0.00 -
NAPS 0.2725 0.2612 0.2605 0.2531 0.2465 0.239 0.2397 8.90%
Price Multiplier on Financial Quarter End Date
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
Date 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 -
Price 0.58 0.59 0.67 0.67 0.55 0.49 0.39 -
P/RPS 0.23 0.24 0.28 0.17 0.16 0.14 0.12 54.11%
P/EPS 2.59 2.75 3.32 2.38 2.22 2.09 1.70 32.30%
EY 38.62 36.31 30.09 41.94 45.12 47.92 58.87 -24.44%
DY 11.49 19.05 0.00 22.39 0.00 24.49 0.00 -
P/NAPS 0.42 0.45 0.51 0.33 0.28 0.26 0.21 58.53%
Price Multiplier on Announcement Date
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
Date 23/11/04 24/08/04 18/05/04 20/02/04 17/11/03 21/08/03 22/05/03 -
Price 0.60 0.51 0.56 0.88 0.78 0.51 0.41 -
P/RPS 0.24 0.21 0.24 0.23 0.22 0.15 0.13 50.32%
P/EPS 2.68 2.38 2.78 3.13 3.14 2.17 1.79 30.77%
EY 37.33 42.00 36.00 31.93 31.81 46.04 56.00 -23.63%
DY 11.11 22.04 0.00 17.05 0.00 23.53 0.00 -
P/NAPS 0.44 0.39 0.43 0.44 0.40 0.27 0.22 58.53%

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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