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

Announcement Date
28-May-2003
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2003
Quarter
31-Mar-2003 [#1]
Profit Trend
QoQ- 3.21%
YoY- -4.7%
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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 324,910 301,704 280,842 272,814 273,741 278,472 279,978 10.40%
PBT 47,444 43,767 40,783 39,957 38,717 40,095 40,112 11.80%
Tax -4,809 -5,643 -5,252 -5,708 -5,532 -2,013 -2,572 51.59%
NP 42,635 38,124 35,531 34,249 33,185 38,082 37,540 8.82%
-
NP to SH 42,635 38,124 35,531 34,249 33,185 38,082 37,540 8.82%
-
Tax Rate 10.14% 12.89% 12.88% 14.29% 14.29% 5.02% 6.41% -
Total Cost 282,275 263,580 245,311 238,565 240,556 240,390 242,438 10.64%
-
Net Worth 239,711 342,631 330,864 330,970 240,318 336,031 319,795 -17.43%
Dividend
31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 30/06/02 CAGR
Div 7,192 7,192 7,192 11,192 11,192 11,192 11,192 -25.47%
Div Payout % 16.87% 18.87% 20.24% 32.68% 33.73% 29.39% 29.82% -
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 239,711 342,631 330,864 330,970 240,318 336,031 319,795 -17.43%
NOSH 239,711 239,602 239,757 239,833 240,318 240,022 159,897 30.89%
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 13.12% 12.64% 12.65% 12.55% 12.12% 13.68% 13.41% -
ROE 17.79% 11.13% 10.74% 10.35% 13.81% 11.33% 11.74% -
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 135.54 125.92 117.14 113.75 113.91 116.02 175.10 -15.65%
EPS 17.79 15.91 14.82 14.28 13.81 15.87 23.48 -16.84%
DPS 3.00 3.00 3.00 4.67 4.66 4.66 7.00 -43.06%
NAPS 1.00 1.43 1.38 1.38 1.00 1.40 2.00 -36.92%
Adjusted Per Share Value based on latest NOSH - 239,833
31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 30/09/02 30/06/02 CAGR
RPS 147.69 137.14 127.66 124.01 124.43 126.58 127.26 10.40%
EPS 19.38 17.33 16.15 15.57 15.08 17.31 17.06 8.84%
DPS 3.27 3.27 3.27 5.09 5.09 5.09 5.09 -25.48%
NAPS 1.0896 1.5574 1.5039 1.5044 1.0924 1.5274 1.4536 -17.43%
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 1.77 1.55 1.57 1.33 1.50 1.49 2.39 -
P/RPS 1.31 1.23 1.34 1.17 1.32 1.28 1.36 -2.45%
P/EPS 9.95 9.74 10.59 9.31 10.86 9.39 10.18 -1.50%
EY 10.05 10.27 9.44 10.74 9.21 10.65 9.82 1.55%
DY 1.69 1.94 1.91 3.51 3.11 3.13 2.93 -30.63%
P/NAPS 1.77 1.08 1.14 0.96 1.50 1.06 1.20 29.48%
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 24/02/04 21/11/03 21/08/03 28/05/03 21/02/03 26/11/02 29/08/02 -
Price 1.88 1.66 1.59 1.50 1.45 1.55 1.55 -
P/RPS 1.39 1.32 1.36 1.32 1.27 1.34 0.89 34.50%
P/EPS 10.57 10.43 10.73 10.50 10.50 9.77 6.60 36.76%
EY 9.46 9.59 9.32 9.52 9.52 10.24 15.15 -26.88%
DY 1.60 1.81 1.89 3.11 3.21 3.01 4.52 -49.86%
P/NAPS 1.88 1.16 1.15 1.09 1.45 1.11 0.78 79.47%

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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