[WTHORSE] QoQ TTM Result on 30-Sep-2004 [#3]

Announcement Date
24-Nov-2004
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2004
Quarter
30-Sep-2004 [#3]
Profit Trend
QoQ- 18.27%
YoY- 79.86%
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TTM Result
30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 CAGR
Revenue 393,735 405,891 408,585 401,826 380,630 350,142 324,910 13.67%
PBT 83,782 89,396 89,128 77,158 64,686 52,512 47,444 46.14%
Tax -10,230 -10,320 -10,166 -8,590 -6,710 -4,800 -4,809 65.48%
NP 73,552 79,076 78,962 68,568 57,976 47,712 42,635 43.88%
-
NP to SH 73,552 79,076 78,962 68,568 57,976 47,712 42,635 43.88%
-
Tax Rate 12.21% 11.54% 11.41% 11.13% 10.37% 9.14% 10.14% -
Total Cost 320,183 326,815 329,623 333,258 322,654 302,430 282,275 8.77%
-
Net Worth 433,493 431,963 418,105 403,737 379,963 373,913 239,711 48.48%
Dividend
30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 CAGR
Div 19,076 7,167 7,167 - - 7,192 7,192 91.72%
Div Payout % 25.94% 9.06% 9.08% - - 15.08% 16.87% -
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 433,493 431,963 418,105 403,737 379,963 373,913 239,711 48.48%
NOSH 238,183 238,653 238,917 238,897 238,970 239,688 239,711 -0.42%
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 18.68% 19.48% 19.33% 17.06% 15.23% 13.63% 13.12% -
ROE 16.97% 18.31% 18.89% 16.98% 15.26% 12.76% 17.79% -
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 165.31 170.08 171.02 168.20 159.28 146.08 135.54 14.16%
EPS 30.88 33.13 33.05 28.70 24.26 19.91 17.79 44.48%
DPS 8.00 3.00 3.00 0.00 0.00 3.00 3.00 92.41%
NAPS 1.82 1.81 1.75 1.69 1.59 1.56 1.00 49.12%
Adjusted Per Share Value based on latest NOSH - 238,897
30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 CAGR
RPS 178.97 184.50 185.72 182.65 173.01 159.16 147.69 13.67%
EPS 33.43 35.94 35.89 31.17 26.35 21.69 19.38 43.87%
DPS 8.67 3.26 3.26 0.00 0.00 3.27 3.27 91.67%
NAPS 1.9704 1.9635 1.9005 1.8352 1.7271 1.6996 1.0896 48.48%
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 2.17 2.34 2.52 1.84 1.80 1.98 1.77 -
P/RPS 1.31 1.38 1.47 1.09 1.13 1.36 1.31 0.00%
P/EPS 7.03 7.06 7.62 6.41 7.42 9.95 9.95 -20.68%
EY 14.23 14.16 13.12 15.60 13.48 10.05 10.05 26.12%
DY 3.69 1.28 1.19 0.00 0.00 1.52 1.69 68.38%
P/NAPS 1.19 1.29 1.44 1.09 1.13 1.27 1.77 -23.27%
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 22/08/05 20/05/05 22/02/05 24/11/04 19/08/04 20/05/04 24/02/04 -
Price 1.99 2.33 2.54 1.90 1.85 1.90 1.88 -
P/RPS 1.20 1.37 1.49 1.13 1.16 1.30 1.39 -9.34%
P/EPS 6.44 7.03 7.69 6.62 7.63 9.54 10.57 -28.15%
EY 15.52 14.22 13.01 15.11 13.11 10.48 9.46 39.14%
DY 4.02 1.29 1.18 0.00 0.00 1.58 1.60 84.91%
P/NAPS 1.09 1.29 1.45 1.12 1.16 1.22 1.88 -30.49%

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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