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

Announcement Date
24-May-2004
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2004
Quarter
31-Mar-2004 [#1]
Profit Trend
QoQ- 2.05%
YoY- 153.37%
Quarter Report
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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 85,528 89,643 95,570 102,428 115,463 111,001 104,000 -12.17%
PBT 9,340 9,720 8,784 7,541 7,782 2,924 2,258 156.57%
Tax -2,180 -1,752 -1,785 -1,113 -1,483 -1,337 -936 75.25%
NP 7,160 7,968 6,999 6,428 6,299 1,587 1,322 206.82%
-
NP to SH 7,160 7,968 6,999 6,428 6,299 1,587 1,322 206.82%
-
Tax Rate 23.34% 18.02% 20.32% 14.76% 19.06% 45.73% 41.45% -
Total Cost 78,368 81,675 88,571 96,000 109,164 109,414 102,678 -16.41%
-
Net Worth 50,837 47,068 46,481 45,526 42,984 38,007 36,625 24.30%
Dividend
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
Div 1,658 1,658 778 778 778 778 - -
Div Payout % 23.17% 20.82% 11.12% 12.11% 12.36% 49.04% - -
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 50,837 47,068 46,481 45,526 42,984 38,007 36,625 24.30%
NOSH 41,446 41,473 41,516 41,538 39,576 38,914 37,777 6.34%
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 8.37% 8.89% 7.32% 6.28% 5.46% 1.43% 1.27% -
ROE 14.08% 16.93% 15.06% 14.12% 14.65% 4.18% 3.61% -
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 206.36 216.14 230.20 246.59 291.74 285.25 275.29 -17.40%
EPS 17.28 19.21 16.86 15.47 15.92 4.08 3.50 188.54%
DPS 4.00 4.00 1.87 1.87 1.97 2.00 0.00 -
NAPS 1.2266 1.1349 1.1196 1.096 1.0861 0.9767 0.9695 16.89%
Adjusted Per Share Value based on latest NOSH - 41,538
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
RPS 3.62 3.79 4.05 4.34 4.89 4.70 4.40 -12.14%
EPS 0.30 0.34 0.30 0.27 0.27 0.07 0.06 190.97%
DPS 0.07 0.07 0.03 0.03 0.03 0.03 0.00 -
NAPS 0.0215 0.0199 0.0197 0.0193 0.0182 0.0161 0.0155 24.25%
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 0.39 0.39 0.41 0.41 0.25 0.20 0.24 -
P/RPS 0.19 0.18 0.18 0.17 0.09 0.07 0.09 64.19%
P/EPS 2.26 2.03 2.43 2.65 1.57 4.90 6.86 -52.13%
EY 44.30 49.26 41.12 37.74 63.66 20.39 14.58 109.07%
DY 10.26 10.26 4.57 4.57 7.87 10.00 0.00 -
P/NAPS 0.32 0.34 0.37 0.37 0.23 0.20 0.25 17.80%
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 24/02/05 23/11/04 23/08/04 24/05/04 26/02/04 20/11/03 26/08/03 -
Price 0.42 0.38 0.38 0.37 0.46 0.22 0.24 -
P/RPS 0.20 0.18 0.17 0.15 0.16 0.08 0.09 69.87%
P/EPS 2.43 1.98 2.25 2.39 2.89 5.39 6.86 -49.77%
EY 41.13 50.56 44.36 41.82 34.60 18.54 14.58 99.02%
DY 9.52 10.53 4.93 5.06 4.28 9.09 0.00 -
P/NAPS 0.34 0.33 0.34 0.34 0.42 0.23 0.25 22.63%

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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