[WILLOW] QoQ Annualized Quarter Result on 30-Sep-2011 [#3]

Announcement Date
23-Nov-2011
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2011
Quarter
30-Sep-2011 [#3]
Profit Trend
QoQ- 26.78%
YoY- -29.68%
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Annualized Quarter Result
30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 31/03/11 31/12/10 CAGR
Revenue 67,696 67,988 52,160 48,677 49,060 47,988 54,470 15.60%
PBT 12,406 10,976 10,180 7,842 6,166 5,004 11,564 4.80%
Tax -2,038 -2,124 -1,799 -1,516 -1,186 -748 -2,252 -6.44%
NP 10,368 8,852 8,381 6,326 4,980 4,256 9,312 7.43%
-
NP to SH 10,498 8,960 8,507 6,453 5,090 4,352 9,322 8.25%
-
Tax Rate 16.43% 19.35% 17.67% 19.33% 19.23% 14.95% 19.47% -
Total Cost 57,328 59,136 43,779 42,350 44,080 43,732 45,158 17.26%
-
Net Worth 62,137 64,399 62,352 59,742 57,711 62,461 61,470 0.72%
Dividend
30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 31/03/11 31/12/10 CAGR
Div - - 6,093 - - - 7,418 -
Div Payout % - - 71.63% - - - 79.58% -
Equity
30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 31/03/11 31/12/10 CAGR
Net Worth 62,137 64,399 62,352 59,742 57,711 62,461 61,470 0.72%
NOSH 243,009 243,478 243,753 248,205 249,509 247,272 247,267 -1.15%
Ratio Analysis
30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 31/03/11 31/12/10 CAGR
NP Margin 15.32% 13.02% 16.07% 13.00% 10.15% 8.87% 17.10% -
ROE 16.89% 13.91% 13.64% 10.80% 8.82% 6.97% 15.16% -
Per Share
30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 31/03/11 31/12/10 CAGR
RPS 27.86 27.92 21.40 19.61 19.66 19.41 22.03 16.96%
EPS 4.32 3.68 3.49 2.60 2.04 1.76 3.77 9.51%
DPS 0.00 0.00 2.50 0.00 0.00 0.00 3.00 -
NAPS 0.2557 0.2645 0.2558 0.2407 0.2313 0.2526 0.2486 1.89%
Adjusted Per Share Value based on latest NOSH - 246,774
30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 31/03/11 31/12/10 CAGR
RPS 13.65 13.71 10.52 9.81 9.89 9.68 10.98 15.63%
EPS 2.12 1.81 1.72 1.30 1.03 0.88 1.88 8.34%
DPS 0.00 0.00 1.23 0.00 0.00 0.00 1.50 -
NAPS 0.1253 0.1298 0.1257 0.1204 0.1164 0.1259 0.1239 0.75%
Price Multiplier on Financial Quarter End Date
30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 31/03/11 31/12/10 CAGR
Date 29/06/12 30/03/12 30/12/11 30/09/11 30/06/11 31/03/11 30/12/10 -
Price 0.29 0.31 0.30 0.26 0.30 0.365 0.40 -
P/RPS 1.04 1.11 1.40 1.33 1.53 1.88 1.82 -31.16%
P/EPS 6.71 8.42 8.60 10.00 14.71 20.74 10.61 -26.34%
EY 14.90 11.87 11.63 10.00 6.80 4.82 9.43 35.69%
DY 0.00 0.00 8.33 0.00 0.00 0.00 7.50 -
P/NAPS 1.13 1.17 1.17 1.08 1.30 1.44 1.61 -21.03%
Price Multiplier on Announcement Date
30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 31/03/11 31/12/10 CAGR
Date 15/08/12 23/05/12 22/02/12 23/11/11 23/08/11 30/05/11 24/02/11 -
Price 0.30 0.34 0.31 0.30 0.29 0.37 0.36 -
P/RPS 1.08 1.22 1.45 1.53 1.47 1.91 1.63 -24.01%
P/EPS 6.94 9.24 8.88 11.54 14.22 21.02 9.55 -19.18%
EY 14.40 10.82 11.26 8.67 7.03 4.76 10.47 23.69%
DY 0.00 0.00 8.06 0.00 0.00 0.00 8.33 -
P/NAPS 1.17 1.29 1.21 1.25 1.25 1.46 1.45 -13.33%

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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