[ENG] QoQ Annualized Quarter Result on 31-Mar-2005 [#1]

Announcement Date
12-May-2005
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2005
Quarter
31-Mar-2005 [#1]
Profit Trend
QoQ- -15.06%
YoY- -6.75%
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Annualized Quarter Result
31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 CAGR
Revenue 334,841 322,986 315,250 303,192 283,957 280,038 282,004 12.09%
PBT 46,852 41,850 39,164 37,916 37,465 33,985 34,296 23.04%
Tax -5,457 -4,853 -4,980 -5,128 -8,596 -8,777 -9,126 -28.95%
NP 41,395 36,997 34,184 32,788 28,869 25,208 25,170 39.20%
-
NP to SH 30,830 27,228 25,852 24,520 28,869 25,208 25,170 14.43%
-
Tax Rate 11.65% 11.60% 12.72% 13.52% 22.94% 25.83% 26.61% -
Total Cost 293,446 285,989 281,066 270,404 255,088 254,830 256,834 9.26%
-
Net Worth 174,437 136,920 117,342 139,263 130,995 124,096 122,516 26.47%
Dividend
31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 CAGR
Div 17,679 7,868 11,734 - 10,846 3,331 5,000 131.55%
Div Payout % 57.35% 28.90% 45.39% - 37.57% 13.22% 19.87% -
Equity
31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 CAGR
Net Worth 174,437 136,920 117,342 139,263 130,995 124,096 122,516 26.47%
NOSH 117,863 118,034 117,342 118,019 83,436 83,286 83,344 25.91%
Ratio Analysis
31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 CAGR
NP Margin 12.36% 11.45% 10.84% 10.81% 10.17% 9.00% 8.93% -
ROE 17.67% 19.89% 22.03% 17.61% 22.04% 20.31% 20.54% -
Per Share
31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 CAGR
RPS 284.09 273.64 268.66 256.90 340.33 336.24 338.36 -10.97%
EPS 26.20 23.07 22.00 20.80 34.60 30.27 30.20 -9.01%
DPS 15.00 6.67 10.00 0.00 13.00 4.00 6.00 83.89%
NAPS 1.48 1.16 1.00 1.18 1.57 1.49 1.47 0.45%
Adjusted Per Share Value based on latest NOSH - 118,019
31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 CAGR
RPS 295.95 285.47 278.63 267.97 250.97 247.51 249.25 12.09%
EPS 27.25 24.07 22.85 21.67 25.52 22.28 22.25 14.42%
DPS 15.63 6.95 10.37 0.00 9.59 2.94 4.42 131.57%
NAPS 1.5417 1.2102 1.0371 1.2309 1.1578 1.0968 1.0828 26.47%
Price Multiplier on Financial Quarter End Date
31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 CAGR
Date 30/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 -
Price 2.14 2.15 2.55 2.73 3.56 3.20 3.72 -
P/RPS 0.75 0.79 0.95 1.06 1.05 0.95 1.10 -22.47%
P/EPS 8.18 9.32 11.57 13.14 10.29 10.57 12.32 -23.83%
EY 12.22 10.73 8.64 7.61 9.72 9.46 8.12 31.22%
DY 7.01 3.10 3.92 0.00 3.65 1.25 1.61 165.92%
P/NAPS 1.45 1.85 2.55 2.31 2.27 2.15 2.53 -30.93%
Price Multiplier on Announcement Date
31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 CAGR
Date 23/02/06 17/11/05 11/08/05 12/05/05 24/02/05 26/11/04 27/09/04 -
Price 2.61 2.09 2.05 2.67 3.54 3.20 3.14 -
P/RPS 0.92 0.76 0.76 1.04 1.04 0.95 0.93 -0.71%
P/EPS 9.98 9.06 9.30 12.85 10.23 10.57 10.40 -2.70%
EY 10.02 11.04 10.75 7.78 9.77 9.46 9.62 2.74%
DY 5.75 3.19 4.88 0.00 3.67 1.25 1.91 108.07%
P/NAPS 1.76 1.80 2.05 2.26 2.25 2.15 2.14 -12.18%

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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