[TM] QoQ TTM Result on 31-Mar-2003 [#1]

Announcement Date
27-May-2003
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2003
Quarter
31-Mar-2003 [#1]
Profit Trend
QoQ- 1.65%
YoY- -52.31%
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TTM Result
31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 30/06/02 CAGR
Revenue 11,796,350 11,159,764 10,345,525 9,856,131 9,834,138 9,768,484 9,778,093 13.28%
PBT 1,810,452 1,545,883 1,503,267 1,511,502 1,530,334 1,674,379 2,548,049 -20.32%
Tax -420,038 -552,585 -616,141 -653,259 -686,058 -687,109 -679,140 -27.34%
NP 1,390,414 993,298 887,126 858,243 844,276 987,270 1,868,909 -17.85%
-
NP to SH 1,390,414 993,298 887,126 858,243 844,276 987,270 1,868,909 -17.85%
-
Tax Rate 23.20% 35.75% 40.99% 43.22% 44.83% 41.04% 26.65% -
Total Cost 10,405,936 10,166,466 9,458,399 8,997,888 8,989,862 8,781,214 7,909,184 20.00%
-
Net Worth 12,606,204 11,953,299 11,381,963 14,075,216 12,594,768 12,539,999 15,701,565 -13.58%
Dividend
31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 30/06/02 CAGR
Div 644,851 314,869 314,869 314,869 314,869 - - -
Div Payout % 46.38% 31.70% 35.49% 36.69% 37.29% - - -
Equity
31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 30/06/02 CAGR
Net Worth 12,606,204 11,953,299 11,381,963 14,075,216 12,594,768 12,539,999 15,701,565 -13.58%
NOSH 3,224,258 3,203,778 3,157,534 3,177,249 3,148,692 3,134,999 3,140,313 1.76%
Ratio Analysis
31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 30/06/02 CAGR
NP Margin 11.79% 8.90% 8.57% 8.71% 8.59% 10.11% 19.11% -
ROE 11.03% 8.31% 7.79% 6.10% 6.70% 7.87% 11.90% -
Per Share
31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 30/06/02 CAGR
RPS 365.86 348.33 327.65 310.21 312.32 311.59 311.37 11.31%
EPS 43.12 31.00 28.10 27.01 26.81 31.49 59.51 -19.28%
DPS 20.00 10.00 10.00 10.00 10.00 0.00 0.00 -
NAPS 3.9098 3.731 3.6047 4.43 4.00 4.00 5.00 -15.08%
Adjusted Per Share Value based on latest NOSH - 3,177,249
31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 30/06/02 CAGR
RPS 307.44 290.85 269.63 256.87 256.30 254.59 254.84 13.28%
EPS 36.24 25.89 23.12 22.37 22.00 25.73 48.71 -17.84%
DPS 16.81 8.21 8.21 8.21 8.21 0.00 0.00 -
NAPS 3.2855 3.1153 2.9664 3.6683 3.2825 3.2682 4.0922 -13.58%
Price Multiplier on Financial Quarter End Date
31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 30/06/02 CAGR
Date 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 28/06/02 -
Price 4.20 3.67 3.92 3.58 3.95 3.55 3.97 -
P/RPS 1.15 1.05 1.20 1.15 1.26 1.14 1.27 -6.38%
P/EPS 9.74 11.84 13.95 13.25 14.73 11.27 6.67 28.62%
EY 10.27 8.45 7.17 7.55 6.79 8.87 14.99 -22.23%
DY 4.76 2.72 2.55 2.79 2.53 0.00 0.00 -
P/NAPS 1.07 0.98 1.09 0.81 0.99 0.89 0.79 22.34%
Price Multiplier on Announcement Date
31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 30/06/02 CAGR
Date 26/02/04 21/11/03 26/08/03 27/05/03 27/02/03 29/11/02 27/08/02 -
Price 5.25 4.18 3.95 3.78 3.95 3.60 4.22 -
P/RPS 1.43 1.20 1.21 1.22 1.26 1.16 1.36 3.39%
P/EPS 12.17 13.48 14.06 13.99 14.73 11.43 7.09 43.21%
EY 8.21 7.42 7.11 7.15 6.79 8.75 14.10 -30.20%
DY 3.81 2.39 2.53 2.65 2.53 0.00 0.00 -
P/NAPS 1.34 1.12 1.10 0.85 0.99 0.90 0.84 36.41%

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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