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

Announcement Date
20-May-2004
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2004
Quarter
31-Mar-2004 [#1]
Profit Trend
QoQ- 48.71%
YoY- 103.78%
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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 283,957 280,038 282,004 281,876 201,675 179,212 161,740 45.28%
PBT 37,465 33,985 34,296 36,324 22,453 18,000 18,604 59.13%
Tax -8,596 -8,777 -9,126 -10,028 -4,770 -4,316 -3,684 75.46%
NP 28,869 25,208 25,170 26,296 17,683 13,684 14,920 54.96%
-
NP to SH 28,869 25,208 25,170 26,296 17,683 13,684 14,920 54.96%
-
Tax Rate 22.94% 25.83% 26.61% 27.61% 21.24% 23.98% 19.80% -
Total Cost 255,088 254,830 256,834 255,580 183,992 165,528 146,820 44.28%
-
Net Worth 130,995 124,096 122,516 115,669 105,935 103,444 101,358 18.55%
Dividend
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
Div 10,846 3,331 5,000 - 7,333 - - -
Div Payout % 37.57% 13.22% 19.87% - 41.47% - - -
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 130,995 124,096 122,516 115,669 105,935 103,444 101,358 18.55%
NOSH 83,436 83,286 83,344 83,215 81,488 81,452 81,086 1.91%
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 10.17% 9.00% 8.93% 9.33% 8.77% 7.64% 9.22% -
ROE 22.04% 20.31% 20.54% 22.73% 16.69% 13.23% 14.72% -
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 340.33 336.24 338.36 338.73 247.49 220.02 199.46 42.55%
EPS 34.60 30.27 30.20 31.60 21.70 16.80 18.40 52.05%
DPS 13.00 4.00 6.00 0.00 9.00 0.00 0.00 -
NAPS 1.57 1.49 1.47 1.39 1.30 1.27 1.25 16.33%
Adjusted Per Share Value based on latest NOSH - 83,215
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
RPS 250.97 247.51 249.25 249.13 178.25 158.39 142.95 45.28%
EPS 25.52 22.28 22.25 23.24 15.63 12.09 13.19 54.96%
DPS 9.59 2.94 4.42 0.00 6.48 0.00 0.00 -
NAPS 1.1578 1.0968 1.0828 1.0223 0.9363 0.9143 0.8958 18.56%
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 3.56 3.20 3.72 4.68 4.28 3.70 3.00 -
P/RPS 1.05 0.95 1.10 1.38 1.73 1.68 1.50 -21.07%
P/EPS 10.29 10.57 12.32 14.81 19.72 22.02 16.30 -26.30%
EY 9.72 9.46 8.12 6.75 5.07 4.54 6.13 35.78%
DY 3.65 1.25 1.61 0.00 2.10 0.00 0.00 -
P/NAPS 2.27 2.15 2.53 3.37 3.29 2.91 2.40 -3.62%
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 24/02/05 26/11/04 27/09/04 20/05/04 24/02/04 13/11/03 21/08/03 -
Price 3.54 3.20 3.14 4.00 4.56 4.36 3.52 -
P/RPS 1.04 0.95 0.93 1.18 1.84 1.98 1.76 -29.47%
P/EPS 10.23 10.57 10.40 12.66 21.01 25.95 19.13 -33.99%
EY 9.77 9.46 9.62 7.90 4.76 3.85 5.23 51.39%
DY 3.67 1.25 1.91 0.00 1.97 0.00 0.00 -
P/NAPS 2.25 2.15 2.14 2.88 3.51 3.43 2.82 -13.91%

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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