[HSL] QoQ Cumulative Quarter Result on 31-Mar-2004 [#1]

Announcement Date
18-May-2004
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2004
Quarter
31-Mar-2004 [#1]
Profit Trend
QoQ- -71.6%
YoY- 37.78%
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Cumulative Result
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
Revenue 285,814 215,038 142,228 68,885 287,526 192,947 125,443 72.71%
PBT 37,451 27,180 17,307 8,191 29,359 19,762 12,437 107.83%
Tax -10,618 -7,669 -4,864 -2,316 -8,671 -6,052 -3,785 98.28%
NP 26,833 19,511 12,443 5,875 20,688 13,710 8,652 111.93%
-
NP to SH 26,833 19,511 12,443 5,875 20,688 13,710 8,652 111.93%
-
Tax Rate 28.35% 28.22% 28.10% 28.27% 29.53% 30.62% 30.43% -
Total Cost 258,981 195,527 129,785 63,010 266,838 179,237 116,791 69.63%
-
Net Worth 160,348 158,770 152,197 151,805 147,466 143,656 139,286 9.79%
Dividend
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
Div 13,927 5,806 6,529 - 11,043 - 4,421 114.14%
Div Payout % 51.90% 29.76% 52.47% - 53.38% - 51.11% -
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 160,348 158,770 152,197 151,805 147,466 143,656 139,286 9.79%
NOSH 116,059 116,136 116,181 116,567 73,622 73,670 73,696 35.17%
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 9.39% 9.07% 8.75% 8.53% 7.20% 7.11% 6.90% -
ROE 16.73% 12.29% 8.18% 3.87% 14.03% 9.54% 6.21% -
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 246.26 185.16 122.42 59.09 390.54 261.91 170.22 27.77%
EPS 23.12 16.80 10.71 5.04 28.10 18.61 11.74 56.79%
DPS 12.00 5.00 5.62 0.00 15.00 0.00 6.00 58.40%
NAPS 1.3816 1.3671 1.31 1.3023 2.003 1.95 1.89 -18.77%
Adjusted Per Share Value based on latest NOSH - 116,567
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
RPS 49.05 36.91 24.41 11.82 49.35 33.11 21.53 72.70%
EPS 4.61 3.35 2.14 1.01 3.55 2.35 1.48 112.55%
DPS 2.39 1.00 1.12 0.00 1.90 0.00 0.76 113.90%
NAPS 0.2752 0.2725 0.2612 0.2605 0.2531 0.2465 0.239 9.81%
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 0.65 0.58 0.59 0.67 0.67 0.55 0.49 -
P/RPS 0.26 0.31 0.48 1.13 0.17 0.21 0.29 -6.99%
P/EPS 2.81 3.45 5.51 13.29 2.38 2.96 4.17 -23.04%
EY 35.57 28.97 18.15 7.52 41.94 33.84 23.96 29.98%
DY 18.46 8.62 9.53 0.00 22.39 0.00 12.24 31.34%
P/NAPS 0.47 0.42 0.45 0.51 0.33 0.28 0.26 48.12%
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 25/02/05 23/11/04 24/08/04 18/05/04 20/02/04 17/11/03 21/08/03 -
Price 0.65 0.60 0.51 0.56 0.88 0.78 0.51 -
P/RPS 0.26 0.32 0.42 0.95 0.23 0.30 0.30 -9.05%
P/EPS 2.81 3.57 4.76 11.11 3.13 4.19 4.34 -25.05%
EY 35.57 28.00 21.00 9.00 31.93 23.86 23.02 33.47%
DY 18.46 8.33 11.02 0.00 17.05 0.00 11.76 34.88%
P/NAPS 0.47 0.44 0.39 0.43 0.44 0.40 0.27 44.46%

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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