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

Announcement Date
20-May-2004
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2004
Quarter
31-Mar-2004 [#1]
Profit Trend
QoQ- -11.39%
YoY- 103.78%
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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 73,928 69,026 70,534 70,469 67,265 53,540 48,362 32.52%
PBT 11,975 8,341 8,066 9,081 8,952 4,199 5,499 67.61%
Tax -2,012 -2,020 -2,055 -2,507 -1,533 -1,396 -1,264 36.13%
NP 9,963 6,321 6,011 6,574 7,419 2,803 4,235 76.42%
-
NP to SH 9,963 6,321 6,011 6,574 7,419 2,803 4,235 76.42%
-
Tax Rate 16.80% 24.22% 25.48% 27.61% 17.12% 33.25% 22.99% -
Total Cost 63,965 62,705 64,523 63,895 59,846 50,737 44,127 27.93%
-
Net Worth 131,444 123,924 122,724 115,669 105,985 104,700 101,802 18.48%
Dividend
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
Div 8,372 - 2,504 - 4,891 - - -
Div Payout % 84.03% - 41.67% - 65.93% - - -
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 131,444 123,924 122,724 115,669 105,985 104,700 101,802 18.48%
NOSH 83,722 83,171 83,486 83,215 81,527 82,441 81,442 1.84%
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 13.48% 9.16% 8.52% 9.33% 11.03% 5.24% 8.76% -
ROE 7.58% 5.10% 4.90% 5.68% 7.00% 2.68% 4.16% -
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 88.30 82.99 84.49 84.68 82.51 64.94 59.38 30.12%
EPS 11.90 7.60 7.20 7.90 9.10 3.40 5.20 73.22%
DPS 10.00 0.00 3.00 0.00 6.00 0.00 0.00 -
NAPS 1.57 1.49 1.47 1.39 1.30 1.27 1.25 16.33%
Adjusted Per Share Value based on latest NOSH - 83,215
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
RPS 65.34 61.01 62.34 62.28 59.45 47.32 42.74 32.53%
EPS 8.81 5.59 5.31 5.81 6.56 2.48 3.74 76.58%
DPS 7.40 0.00 2.21 0.00 4.32 0.00 0.00 -
NAPS 1.1618 1.0953 1.0847 1.0223 0.9367 0.9254 0.8998 18.48%
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 3.56 3.20 3.72 4.68 4.28 3.70 3.00 -
P/RPS 4.03 3.86 4.40 5.53 5.19 5.70 5.05 -13.90%
P/EPS 29.92 42.11 51.67 59.24 47.03 108.82 57.69 -35.31%
EY 3.34 2.38 1.94 1.69 2.13 0.92 1.73 54.73%
DY 2.81 0.00 0.81 0.00 1.40 0.00 0.00 -
P/NAPS 2.27 2.15 2.53 3.37 3.29 2.91 2.40 -3.62%
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 24/02/05 26/11/04 27/09/04 20/05/04 24/02/04 13/11/03 21/08/03 -
Price 3.54 3.20 3.14 4.00 4.56 4.36 3.52 -
P/RPS 4.01 3.86 3.72 4.72 5.53 6.71 5.93 -22.86%
P/EPS 29.75 42.11 43.61 50.63 50.11 128.24 67.69 -42.04%
EY 3.36 2.38 2.29 1.98 2.00 0.78 1.48 72.30%
DY 2.82 0.00 0.96 0.00 1.32 0.00 0.00 -
P/NAPS 2.25 2.15 2.14 2.88 3.51 3.43 2.82 -13.91%

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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