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

Announcement Date
26-May-2004
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2004
Quarter
31-Mar-2004 [#1]
Profit Trend
QoQ- -66.2%
YoY- 77.17%
Quarter Report
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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 124,437 106,584 107,390 96,902 126,606 99,839 99,615 15.91%
PBT 18,000 14,473 13,098 11,305 19,588 11,379 11,394 35.45%
Tax -5,257 -4,146 -3,706 -3,258 4,219 -3,234 -3,375 34.19%
NP 12,743 10,327 9,392 8,047 23,807 8,145 8,019 35.98%
-
NP to SH 12,743 10,327 9,392 8,047 23,807 8,145 8,019 35.98%
-
Tax Rate 29.21% 28.65% 28.29% 28.82% -21.54% 28.42% 29.62% -
Total Cost 111,694 96,257 97,998 88,855 102,799 91,694 91,596 14.07%
-
Net Worth 317,060 302,548 292,868 306,552 298,343 274,188 261,927 13.51%
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 317,060 302,548 292,868 306,552 298,343 274,188 261,927 13.51%
NOSH 201,949 201,699 201,978 201,679 201,583 201,608 201,482 0.15%
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 10.24% 9.69% 8.75% 8.30% 18.80% 8.16% 8.05% -
ROE 4.02% 3.41% 3.21% 2.63% 7.98% 2.97% 3.06% -
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 61.62 52.84 53.17 48.05 62.81 49.52 49.44 15.73%
EPS 6.31 5.12 4.65 3.99 11.81 4.04 3.98 35.77%
DPS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
NAPS 1.57 1.50 1.45 1.52 1.48 1.36 1.30 13.34%
Adjusted Per Share Value based on latest NOSH - 201,679
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
RPS 55.38 47.44 47.79 43.13 56.35 44.43 44.33 15.91%
EPS 5.67 4.60 4.18 3.58 10.60 3.62 3.57 35.93%
DPS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
NAPS 1.4111 1.3465 1.3034 1.3643 1.3278 1.2203 1.1657 13.51%
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 2.30 2.14 1.98 2.15 2.00 2.00 1.96 -
P/RPS 3.73 4.05 3.72 4.47 3.18 4.04 3.96 -3.89%
P/EPS 36.45 41.80 42.58 53.88 16.93 49.50 49.25 -18.10%
EY 2.74 2.39 2.35 1.86 5.91 2.02 2.03 22.02%
DY 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
P/NAPS 1.46 1.43 1.37 1.41 1.35 1.47 1.51 -2.20%
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 25/11/04 25/08/04 26/05/04 24/02/04 19/11/03 20/08/03 -
Price 2.29 2.16 2.19 2.31 2.09 1.99 2.02 -
P/RPS 3.72 4.09 4.12 4.81 3.33 4.02 4.09 -6.09%
P/EPS 36.29 42.19 47.10 57.89 17.70 49.26 50.75 -19.95%
EY 2.76 2.37 2.12 1.73 5.65 2.03 1.97 25.07%
DY 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
P/NAPS 1.46 1.44 1.51 1.52 1.41 1.46 1.55 -3.89%

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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