[MCEMENT] QoQ TTM Result on 31-Mar-2004 [#1]

Announcement Date
13-May-2004
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2004
Quarter
31-Mar-2004 [#1]
Profit Trend
QoQ- 19.52%
YoY- 121.76%
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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 1,761,555 1,757,817 1,765,526 1,769,593 1,747,997 1,712,020 1,668,539 3.66%
PBT 103,694 138,033 166,632 185,393 156,210 125,219 109,709 -3.67%
Tax -20,918 -32,875 -37,318 -43,193 -37,234 -26,254 -24,107 -8.98%
NP 82,776 105,158 129,314 142,200 118,976 98,965 85,602 -2.20%
-
NP to SH 82,776 105,158 129,314 142,200 118,976 98,965 85,602 -2.20%
-
Tax Rate 20.17% 23.82% 22.40% 23.30% 23.84% 20.97% 21.97% -
Total Cost 1,678,779 1,652,659 1,636,212 1,627,393 1,629,021 1,613,055 1,582,937 3.97%
-
Net Worth 1,923,755 2,147,879 1,903,326 2,085,299 2,023,386 1,918,474 1,943,618 -0.67%
Dividend
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
Div 75,576 57,811 57,811 57,811 57,811 43,251 43,251 44.82%
Div Payout % 91.30% 54.98% 44.71% 40.65% 48.59% 43.70% 50.53% -
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 1,923,755 2,147,879 1,903,326 2,085,299 2,023,386 1,918,474 1,943,618 -0.67%
NOSH 2,748,222 3,068,400 2,758,444 2,978,999 2,890,552 2,821,285 2,900,923 -3.52%
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 4.70% 5.98% 7.32% 8.04% 6.81% 5.78% 5.13% -
ROE 4.30% 4.90% 6.79% 6.82% 5.88% 5.16% 4.40% -
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 64.10 57.29 64.00 59.40 60.47 60.68 57.52 7.45%
EPS 3.01 3.43 4.69 4.77 4.12 3.51 2.95 1.34%
DPS 2.75 1.88 2.10 1.94 2.00 1.53 1.49 50.18%
NAPS 0.70 0.70 0.69 0.70 0.70 0.68 0.67 2.94%
Adjusted Per Share Value based on latest NOSH - 2,978,999
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
RPS 131.71 131.43 132.01 132.31 130.69 128.00 124.75 3.66%
EPS 6.19 7.86 9.67 10.63 8.90 7.40 6.40 -2.18%
DPS 5.65 4.32 4.32 4.32 4.32 3.23 3.23 44.93%
NAPS 1.4384 1.6059 1.4231 1.5591 1.5129 1.4344 1.4532 -0.67%
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 2.43 2.73 2.72 2.93 3.00 2.62 2.25 -
P/RPS 3.79 4.77 4.25 4.93 4.96 4.32 3.91 -2.04%
P/EPS 80.68 79.66 58.02 61.38 72.89 74.69 76.25 3.81%
EY 1.24 1.26 1.72 1.63 1.37 1.34 1.31 -3.57%
DY 1.13 0.69 0.77 0.66 0.67 0.59 0.66 42.88%
P/NAPS 3.47 3.90 3.94 4.19 4.29 3.85 3.36 2.16%
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 23/11/04 27/08/04 13/05/04 24/02/04 20/11/03 21/08/03 -
Price 2.77 2.68 2.63 2.63 3.53 3.00 2.43 -
P/RPS 4.32 4.68 4.11 4.43 5.84 4.94 4.22 1.56%
P/EPS 91.97 78.20 56.10 55.10 85.76 85.52 82.35 7.60%
EY 1.09 1.28 1.78 1.81 1.17 1.17 1.21 -6.69%
DY 0.99 0.70 0.80 0.74 0.57 0.51 0.61 37.90%
P/NAPS 3.96 3.83 3.81 3.76 5.04 4.41 3.63 5.94%

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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