[WILLOW] QoQ Cumulative Quarter Result on 30-Sep-2003 [#3]

Announcement Date
20-Nov-2003
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2003
Quarter
30-Sep-2003 [#3]
Profit Trend
QoQ- -26.35%
YoY- -265.27%
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Cumulative Result
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
Revenue 15,591 7,095 28,716 19,346 12,685 5,527 28,705 -33.45%
PBT -1,014 -135 -1,771 -1,520 -1,357 -1,078 1,906 -
Tax -202 -117 -572 -374 -142 -58 -572 -50.07%
NP -1,216 -252 -2,343 -1,894 -1,499 -1,136 1,334 -
-
NP to SH -1,216 -252 -2,343 -1,894 -1,499 -1,136 1,334 -
-
Tax Rate - - - - - - 30.01% -
Total Cost 16,807 7,347 31,059 21,240 14,184 6,663 27,371 -27.77%
-
Net Worth 27,719 29,307 28,863 28,908 28,407 28,671 27,853 -0.32%
Dividend
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
Div - - - - - - - -
Div Payout % - - - - - - - -
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 27,719 29,307 28,863 28,908 28,407 28,671 27,853 -0.32%
NOSH 248,163 251,999 249,255 249,210 245,737 246,956 230,000 5.20%
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 -7.80% -3.55% -8.16% -9.79% -11.82% -20.55% 4.65% -
ROE -4.39% -0.86% -8.12% -6.55% -5.28% -3.96% 4.79% -
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 6.28 2.82 11.52 7.76 5.16 2.24 12.48 -36.76%
EPS -0.49 -0.10 -0.94 -0.76 -0.61 -0.46 0.58 -
DPS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
NAPS 0.1117 0.1163 0.1158 0.116 0.1156 0.1161 0.1211 -5.24%
Adjusted Per Share Value based on latest NOSH - 247,500
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
RPS 3.14 1.43 5.79 3.90 2.56 1.11 5.79 -33.52%
EPS -0.25 -0.05 -0.47 -0.38 -0.30 -0.23 0.27 -
DPS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
NAPS 0.0559 0.0591 0.0582 0.0583 0.0573 0.0578 0.0562 -0.35%
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 0.16 0.23 0.29 0.32 0.23 0.16 0.17 -
P/RPS 2.55 8.17 2.52 4.12 4.46 7.15 1.36 52.11%
P/EPS -32.65 -230.00 -30.85 -42.11 -37.70 -34.78 29.31 -
EY -3.06 -0.43 -3.24 -2.38 -2.65 -2.88 3.41 -
DY 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
P/NAPS 1.43 1.98 2.50 2.76 1.99 1.38 1.40 1.42%
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 20/08/04 27/05/04 26/02/04 20/11/03 20/08/03 23/05/03 25/02/03 -
Price 0.14 0.18 0.28 0.27 0.32 0.16 0.18 -
P/RPS 2.23 6.39 2.43 3.48 6.20 7.15 1.44 33.88%
P/EPS -28.57 -180.00 -29.79 -35.53 -52.46 -34.78 31.03 -
EY -3.50 -0.56 -3.36 -2.81 -1.91 -2.88 3.22 -
DY 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
P/NAPS 1.25 1.55 2.42 2.33 2.77 1.38 1.49 -11.05%

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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