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

Announcement Date
25-Feb-2004
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2003
Quarter
31-Dec-2003 [#4]
Profit Trend
QoQ- 9.72%
YoY- 8.62%
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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 276,580 260,330 235,532 179,640 177,236 166,262 147,404 51.95%
PBT 27,518 27,164 25,592 18,669 17,726 15,726 12,084 72.83%
Tax -4,828 -4,850 -4,764 -1,931 -2,472 -2,534 -2,008 79.18%
NP 22,690 22,314 20,828 16,738 15,254 13,192 10,076 71.54%
-
NP to SH 22,690 22,314 20,828 16,738 15,254 13,192 10,076 71.54%
-
Tax Rate 17.54% 17.85% 18.62% 10.34% 13.95% 16.11% 16.62% -
Total Cost 253,889 238,016 214,704 162,902 161,981 153,070 137,328 50.46%
-
Net Worth 132,547 128,555 125,181 113,424 106,219 96,269 93,104 26.47%
Dividend
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
Div 8,880 6,660 - 1,890 2,559 - - -
Div Payout % 39.14% 29.85% - 11.29% 16.78% - - -
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 132,547 128,555 125,181 113,424 106,219 96,269 93,104 26.47%
NOSH 66,606 66,608 66,585 63,013 63,987 62,109 51,724 18.30%
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 8.20% 8.57% 8.84% 9.32% 8.61% 7.93% 6.84% -
ROE 17.12% 17.36% 16.64% 14.76% 14.36% 13.70% 10.82% -
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 415.24 390.83 353.73 285.08 276.98 267.69 284.98 28.43%
EPS 34.07 33.50 31.28 26.96 23.84 21.24 19.48 45.01%
DPS 13.33 10.00 0.00 3.00 4.00 0.00 0.00 -
NAPS 1.99 1.93 1.88 1.80 1.66 1.55 1.80 6.89%
Adjusted Per Share Value based on latest NOSH - 63,039
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
RPS 10.81 10.18 9.21 7.02 6.93 6.50 5.76 51.97%
EPS 0.89 0.87 0.81 0.65 0.60 0.52 0.39 73.07%
DPS 0.35 0.26 0.00 0.07 0.10 0.00 0.00 -
NAPS 0.0518 0.0503 0.0489 0.0443 0.0415 0.0376 0.0364 26.43%
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 1.74 1.85 2.04 1.10 1.07 0.71 0.68 -
P/RPS 0.42 0.47 0.58 0.39 0.39 0.27 0.24 45.07%
P/EPS 5.11 5.52 6.52 4.14 4.49 3.34 3.49 28.85%
EY 19.58 18.11 15.33 24.15 22.28 29.92 28.65 -22.35%
DY 7.66 5.41 0.00 2.73 3.74 0.00 0.00 -
P/NAPS 0.87 0.96 1.09 0.61 0.64 0.46 0.38 73.44%
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 09/11/04 20/08/04 12/05/04 25/02/04 13/11/03 14/08/03 29/05/03 -
Price 1.75 1.66 1.89 1.85 1.17 1.00 0.81 -
P/RPS 0.42 0.42 0.53 0.65 0.42 0.37 0.28 30.94%
P/EPS 5.14 4.96 6.04 6.96 4.91 4.71 4.16 15.10%
EY 19.47 20.18 16.55 14.36 20.38 21.24 24.05 -13.10%
DY 7.62 6.02 0.00 1.62 3.42 0.00 0.00 -
P/NAPS 0.88 0.86 1.01 1.03 0.70 0.65 0.45 56.18%

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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