[3A] QoQ Quarter Result on 31-Mar-2004 [#1]

Announcement Date
22-Apr-2004
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2004
Quarter
31-Mar-2004 [#1]
Profit Trend
QoQ- 1.28%
YoY- 74.4%
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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 14,921 16,303 16,139 13,231 11,452 10,544 9,773 32.42%
PBT 1,303 1,781 1,886 1,297 972 817 819 36.09%
Tax -203 -600 -594 -425 -111 -216 -162 16.15%
NP 1,100 1,181 1,292 872 861 601 657 40.77%
-
NP to SH 1,100 1,181 1,292 872 861 601 657 40.77%
-
Tax Rate 15.58% 33.69% 31.50% 32.77% 11.42% 26.44% 19.78% -
Total Cost 13,821 15,122 14,847 12,359 10,591 9,943 9,116 31.80%
-
Net Worth 37,567 36,667 35,431 34,190 32,898 32,356 31,773 11.75%
Dividend
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
Div - - - - - - - -
Div Payout % - - - - - - - -
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 37,567 36,667 35,431 34,190 32,898 32,356 31,773 11.75%
NOSH 139,863 140,595 140,434 140,645 138,870 139,767 139,787 0.03%
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 7.37% 7.24% 8.01% 6.59% 7.52% 5.70% 6.72% -
ROE 2.93% 3.22% 3.65% 2.55% 2.62% 1.86% 2.07% -
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 10.67 11.60 11.49 9.41 8.25 7.54 6.99 32.40%
EPS 0.79 0.84 0.92 0.62 0.62 0.43 0.47 41.14%
DPS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
NAPS 0.2686 0.2608 0.2523 0.2431 0.2369 0.2315 0.2273 11.71%
Adjusted Per Share Value based on latest NOSH - 140,645
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
RPS 3.03 3.31 3.28 2.69 2.33 2.14 1.99 32.18%
EPS 0.22 0.24 0.26 0.18 0.18 0.12 0.13 41.78%
DPS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
NAPS 0.0764 0.0745 0.072 0.0695 0.0669 0.0658 0.0646 11.77%
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 0.30 0.28 0.24 0.25 0.30 0.31 0.24 -
P/RPS 2.81 2.41 2.09 2.66 3.64 4.11 3.43 -12.39%
P/EPS 38.14 33.33 26.09 40.32 48.39 72.09 51.06 -17.60%
EY 2.62 3.00 3.83 2.48 2.07 1.39 1.96 21.24%
DY 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
P/NAPS 1.12 1.07 0.95 1.03 1.27 1.34 1.06 3.72%
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 28/02/05 26/11/04 10/08/04 22/04/04 27/02/04 27/11/03 23/09/03 -
Price 0.29 0.30 0.23 0.25 0.28 0.28 0.32 -
P/RPS 2.72 2.59 2.00 2.66 3.40 3.71 4.58 -29.23%
P/EPS 36.87 35.71 25.00 40.32 45.16 65.12 68.09 -33.44%
EY 2.71 2.80 4.00 2.48 2.21 1.54 1.47 50.07%
DY 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
P/NAPS 1.08 1.15 0.91 1.03 1.18 1.21 1.41 -16.21%

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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