[WILLOW] QoQ Annualized Quarter Result on 31-Dec-2011 [#4]

Announcement Date
22-Feb-2012
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2011
Quarter
31-Dec-2011 [#4]
Profit Trend
QoQ- 31.82%
YoY- -8.74%
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Annualized Quarter Result
30/09/12 30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 31/03/11 CAGR
Revenue 74,960 67,696 67,988 52,160 48,677 49,060 47,988 34.51%
PBT 14,854 12,406 10,976 10,180 7,842 6,166 5,004 106.13%
Tax -2,476 -2,038 -2,124 -1,799 -1,516 -1,186 -748 121.62%
NP 12,378 10,368 8,852 8,381 6,326 4,980 4,256 103.35%
-
NP to SH 12,525 10,498 8,960 8,507 6,453 5,090 4,352 101.94%
-
Tax Rate 16.67% 16.43% 19.35% 17.67% 19.33% 19.23% 14.95% -
Total Cost 62,581 57,328 59,136 43,779 42,350 44,080 43,732 26.90%
-
Net Worth 66,317 62,137 64,399 62,352 59,742 57,711 62,461 4.06%
Dividend
30/09/12 30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 31/03/11 CAGR
Div - - - 6,093 - - - -
Div Payout % - - - 71.63% - - - -
Equity
30/09/12 30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 31/03/11 CAGR
Net Worth 66,317 62,137 64,399 62,352 59,742 57,711 62,461 4.06%
NOSH 243,367 243,009 243,478 243,753 248,205 249,509 247,272 -1.05%
Ratio Analysis
30/09/12 30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 31/03/11 CAGR
NP Margin 16.51% 15.32% 13.02% 16.07% 13.00% 10.15% 8.87% -
ROE 18.89% 16.89% 13.91% 13.64% 10.80% 8.82% 6.97% -
Per Share
30/09/12 30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 31/03/11 CAGR
RPS 30.80 27.86 27.92 21.40 19.61 19.66 19.41 35.93%
EPS 5.15 4.32 3.68 3.49 2.60 2.04 1.76 104.18%
DPS 0.00 0.00 0.00 2.50 0.00 0.00 0.00 -
NAPS 0.2725 0.2557 0.2645 0.2558 0.2407 0.2313 0.2526 5.17%
Adjusted Per Share Value based on latest NOSH - 242,847
30/09/12 30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 31/03/11 CAGR
RPS 15.11 13.65 13.71 10.52 9.81 9.89 9.68 34.45%
EPS 2.53 2.12 1.81 1.72 1.30 1.03 0.88 101.80%
DPS 0.00 0.00 0.00 1.23 0.00 0.00 0.00 -
NAPS 0.1337 0.1253 0.1298 0.1257 0.1204 0.1164 0.1259 4.07%
Price Multiplier on Financial Quarter End Date
30/09/12 30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 31/03/11 CAGR
Date 28/09/12 29/06/12 30/03/12 30/12/11 30/09/11 30/06/11 31/03/11 -
Price 0.33 0.29 0.31 0.30 0.26 0.30 0.365 -
P/RPS 1.07 1.04 1.11 1.40 1.33 1.53 1.88 -31.25%
P/EPS 6.41 6.71 8.42 8.60 10.00 14.71 20.74 -54.18%
EY 15.60 14.90 11.87 11.63 10.00 6.80 4.82 118.33%
DY 0.00 0.00 0.00 8.33 0.00 0.00 0.00 -
P/NAPS 1.21 1.13 1.17 1.17 1.08 1.30 1.44 -10.92%
Price Multiplier on Announcement Date
30/09/12 30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 31/03/11 CAGR
Date 21/11/12 15/08/12 23/05/12 22/02/12 23/11/11 23/08/11 30/05/11 -
Price 0.32 0.30 0.34 0.31 0.30 0.29 0.37 -
P/RPS 1.04 1.08 1.22 1.45 1.53 1.47 1.91 -33.24%
P/EPS 6.22 6.94 9.24 8.88 11.54 14.22 21.02 -55.49%
EY 16.08 14.40 10.82 11.26 8.67 7.03 4.76 124.64%
DY 0.00 0.00 0.00 8.06 0.00 0.00 0.00 -
P/NAPS 1.17 1.17 1.29 1.21 1.25 1.25 1.46 -13.68%

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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