[TM] QoQ Quarter Result on 30-Sep-2004 [#3]

Announcement Date
30-Nov-2004
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2004
Quarter
30-Sep-2004 [#3]
Profit Trend
QoQ- -65.34%
YoY- -0.96%
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Quarter Result
30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 CAGR
Revenue 3,322,352 3,414,887 3,465,105 3,285,164 3,243,587 3,257,044 3,200,009 2.53%
PBT 501,771 532,928 943,773 521,570 1,001,425 706,071 511,299 -1.24%
Tax -55,503 -158,453 -119,573 -191,592 -49,274 -198,940 -11,539 185.22%
NP 446,268 374,475 824,200 329,978 952,151 507,131 499,760 -7.27%
-
NP to SH 426,135 374,475 824,200 329,978 952,151 507,131 499,760 -10.08%
-
Tax Rate 11.06% 29.73% 12.67% 36.73% 4.92% 28.18% 2.26% -
Total Cost 2,876,084 3,040,412 2,640,905 2,955,186 2,291,436 2,749,913 2,700,249 4.29%
-
Net Worth 14,408,436 14,804,919 15,359,846 14,483,340 14,347,411 13,660,595 12,606,204 9.32%
Dividend
30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 CAGR
Div 338,202 - 675,573 - 334,088 - 644,851 -34.99%
Div Payout % 79.37% - 81.97% - 35.09% - 129.03% -
Equity
30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 CAGR
Net Worth 14,408,436 14,804,919 15,359,846 14,483,340 14,347,411 13,660,595 12,606,204 9.32%
NOSH 3,382,023 3,373,648 3,377,868 3,367,122 3,340,880 3,293,058 3,224,258 3.23%
Ratio Analysis
30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 CAGR
NP Margin 13.43% 10.97% 23.79% 10.04% 29.35% 15.57% 15.62% -
ROE 2.96% 2.53% 5.37% 2.28% 6.64% 3.71% 3.96% -
Per Share
30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 CAGR
RPS 98.24 101.22 102.58 97.57 97.09 98.91 99.25 -0.68%
EPS 12.60 11.10 24.40 9.80 28.50 15.40 15.50 -12.90%
DPS 10.00 0.00 20.00 0.00 10.00 0.00 20.00 -37.03%
NAPS 4.2603 4.3884 4.5472 4.3014 4.2945 4.1483 3.9098 5.89%
Adjusted Per Share Value based on latest NOSH - 3,367,122
30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 CAGR
RPS 86.59 89.00 90.31 85.62 84.54 84.89 83.40 2.53%
EPS 11.11 9.76 21.48 8.60 24.82 13.22 13.02 -10.04%
DPS 8.81 0.00 17.61 0.00 8.71 0.00 16.81 -35.02%
NAPS 3.7552 3.8585 4.0031 3.7747 3.7393 3.5603 3.2855 9.32%
Price Multiplier on Financial Quarter End Date
30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 CAGR
Date 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 -
Price 5.00 4.88 5.80 5.60 5.15 5.15 4.20 -
P/RPS 5.09 4.82 5.65 5.74 5.30 5.21 4.23 13.14%
P/EPS 39.68 43.96 23.77 57.14 18.07 33.44 27.10 28.97%
EY 2.52 2.27 4.21 1.75 5.53 2.99 3.69 -22.46%
DY 2.00 0.00 3.45 0.00 1.94 0.00 4.76 -43.93%
P/NAPS 1.17 1.11 1.28 1.30 1.20 1.24 1.07 6.14%
Price Multiplier on Announcement Date
30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 CAGR
Date 25/08/05 31/05/05 24/02/05 30/11/04 24/08/04 26/05/04 26/02/04 -
Price 5.50 4.90 5.30 6.00 5.05 4.75 5.25 -
P/RPS 5.60 4.84 5.17 6.15 5.20 4.80 5.29 3.87%
P/EPS 43.65 44.14 21.72 61.22 17.72 30.84 33.87 18.44%
EY 2.29 2.27 4.60 1.63 5.64 3.24 2.95 -15.54%
DY 1.82 0.00 3.77 0.00 1.98 0.00 3.81 -38.91%
P/NAPS 1.29 1.12 1.17 1.39 1.18 1.15 1.34 -2.50%

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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