[ULICORP] QoQ Annualized Quarter Result on 30-Sep-2003 [#3]

Announcement Date
07-Nov-2003
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2003
Quarter
30-Sep-2003 [#3]
Profit Trend
QoQ- 9.74%
YoY- 12.24%
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Annualized Quarter Result
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
Revenue 60,002 50,384 59,278 59,448 54,138 45,620 48,280 15.60%
PBT 15,704 11,624 13,799 13,237 11,772 8,436 10,670 29.41%
Tax -4,346 -3,036 -3,748 -4,106 -3,452 -2,252 -3,003 27.97%
NP 11,358 8,588 10,051 9,130 8,320 6,184 7,667 29.98%
-
NP to SH 11,358 8,588 10,051 9,130 8,320 6,184 8,593 20.46%
-
Tax Rate 27.67% 26.12% 27.16% 31.02% 29.32% 26.70% 28.14% -
Total Cost 48,644 41,796 49,227 50,317 45,818 39,436 40,613 12.79%
-
Net Worth 80,940 63,570 19,199 57,999 57,600 54,729 53,206 32.30%
Dividend
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
Div - - 1,999 - - - - -
Div Payout % - - 19.90% - - - - -
Equity
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
Net Worth 80,940 63,570 19,199 57,999 57,600 54,729 53,206 32.30%
NOSH 43,989 39,981 39,999 39,999 40,000 39,948 40,004 6.54%
Ratio Analysis
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
NP Margin 18.93% 17.05% 16.96% 15.36% 15.37% 13.56% 15.88% -
ROE 14.03% 13.51% 52.35% 15.74% 14.44% 11.30% 16.15% -
Per Share
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
RPS 136.40 126.02 148.20 148.62 135.35 114.20 120.69 8.50%
EPS 25.82 21.48 7.85 22.83 20.80 15.48 21.48 13.06%
DPS 0.00 0.00 5.00 0.00 0.00 0.00 0.00 -
NAPS 1.84 1.59 0.48 1.45 1.44 1.37 1.33 24.18%
Adjusted Per Share Value based on latest NOSH - 40,000
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
RPS 27.55 23.13 27.22 27.29 24.86 20.95 22.17 15.60%
EPS 5.21 3.94 4.61 4.19 3.82 2.84 3.95 20.29%
DPS 0.00 0.00 0.92 0.00 0.00 0.00 0.00 -
NAPS 0.3716 0.2919 0.0882 0.2663 0.2645 0.2513 0.2443 32.29%
Price Multiplier on Financial Quarter End Date
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
Date 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 -
Price 1.78 1.88 1.88 1.56 0.89 0.71 0.85 -
P/RPS 1.30 1.49 1.27 1.05 0.66 0.62 0.70 51.14%
P/EPS 6.89 8.75 7.48 6.83 4.28 4.59 3.96 44.70%
EY 14.51 11.43 13.37 14.63 23.37 21.80 25.27 -30.93%
DY 0.00 0.00 2.66 0.00 0.00 0.00 0.00 -
P/NAPS 0.97 1.18 3.92 1.08 0.62 0.52 0.64 31.97%
Price Multiplier on Announcement Date
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
Date 17/08/04 20/05/04 20/02/04 07/11/03 22/08/03 23/05/03 25/02/03 -
Price 1.77 1.77 1.87 1.95 1.39 0.74 0.66 -
P/RPS 1.30 1.40 1.26 1.31 1.03 0.65 0.55 77.53%
P/EPS 6.86 8.24 7.44 8.54 6.68 4.78 3.07 71.00%
EY 14.59 12.14 13.44 11.71 14.96 20.92 32.55 -41.45%
DY 0.00 0.00 2.67 0.00 0.00 0.00 0.00 -
P/NAPS 0.96 1.11 3.90 1.34 0.97 0.54 0.50 54.53%

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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