[3A] QoQ TTM 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- 14.2%
YoY- 27.33%
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TTM Result
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
Revenue 60,594 57,125 51,366 45,000 40,501 37,770 36,217 40.71%
PBT 6,267 5,936 4,972 3,905 3,234 3,030 2,976 63.92%
Tax -1,822 -1,730 -1,346 -914 -615 -826 -829 68.63%
NP 4,445 4,206 3,626 2,991 2,619 2,204 2,147 62.08%
-
NP to SH 4,445 4,206 3,626 2,991 2,619 2,204 2,147 62.08%
-
Tax Rate 29.07% 29.14% 27.07% 23.41% 19.02% 27.26% 27.86% -
Total Cost 56,149 52,919 47,740 42,009 37,882 35,566 34,070 39.31%
-
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 7.34% 7.36% 7.06% 6.65% 6.47% 5.84% 5.93% -
ROE 11.83% 11.47% 10.23% 8.75% 7.96% 6.81% 6.76% -
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 43.32 40.63 36.58 32.00 29.16 27.02 25.91 40.64%
EPS 3.18 2.99 2.58 2.13 1.89 1.58 1.54 61.80%
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 12.32 11.61 10.44 9.15 8.23 7.68 7.36 40.75%
EPS 0.90 0.85 0.74 0.61 0.53 0.45 0.44 60.78%
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 0.69 0.69 0.66 0.78 1.03 1.15 0.93 -17.97%
P/EPS 9.44 9.36 9.30 11.76 15.91 19.66 15.63 -28.43%
EY 10.59 10.68 10.76 8.51 6.29 5.09 6.40 39.68%
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 0.67 0.74 0.63 0.78 0.96 1.04 1.24 -33.53%
P/EPS 9.12 10.03 8.91 11.76 14.85 17.76 20.83 -42.19%
EY 10.96 9.97 11.23 8.51 6.74 5.63 4.80 72.96%
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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