[WILLOW] QoQ Annualized Quarter Result on 31-Mar-2004 [#1]

Announcement Date
27-May-2004
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2004
Quarter
31-Mar-2004 [#1]
Profit Trend
QoQ- 56.98%
YoY- 77.82%
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Annualized Quarter Result
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
Revenue 33,562 32,777 31,182 28,380 28,716 25,794 25,370 20.40%
PBT -1,458 -120 -2,028 -540 -1,771 -2,026 -2,714 -33.79%
Tax -801 -774 -404 -468 -572 -498 -284 98.99%
NP -2,259 -894 -2,432 -1,008 -2,343 -2,525 -2,998 -17.12%
-
NP to SH -2,259 -894 -2,432 -1,008 -2,343 -2,525 -2,998 -17.12%
-
Tax Rate - - - - - - - -
Total Cost 35,821 33,671 33,614 29,388 31,059 28,319 28,368 16.74%
-
Net Worth 29,640 28,803 27,719 29,307 28,863 28,908 28,407 2.85%
Dividend
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
Div - - - - - - - -
Div Payout % - - - - - - - -
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 29,640 28,803 27,719 29,307 28,863 28,908 28,407 2.85%
NOSH 248,241 248,518 248,163 251,999 249,255 249,210 245,737 0.67%
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 -6.73% -2.73% -7.80% -3.55% -8.16% -9.79% -11.82% -
ROE -7.62% -3.11% -8.77% -3.44% -8.12% -8.74% -10.55% -
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 13.52 13.19 12.57 11.26 11.52 10.35 10.32 19.63%
EPS -0.91 -0.36 -0.98 -0.40 -0.94 -1.01 -1.22 -17.67%
DPS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
NAPS 0.1194 0.1159 0.1117 0.1163 0.1158 0.116 0.1156 2.16%
Adjusted Per Share Value based on latest NOSH - 251,999
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
RPS 6.77 6.61 6.29 5.72 5.79 5.20 5.11 20.52%
EPS -0.46 -0.18 -0.49 -0.20 -0.47 -0.51 -0.60 -16.16%
DPS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
NAPS 0.0598 0.0581 0.0559 0.0591 0.0582 0.0583 0.0573 2.87%
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 0.14 0.14 0.16 0.23 0.29 0.32 0.23 -
P/RPS 1.04 1.06 1.27 2.04 2.52 3.09 2.23 -39.72%
P/EPS -15.38 -38.89 -16.33 -57.50 -30.85 -31.58 -18.85 -12.62%
EY -6.50 -2.57 -6.13 -1.74 -3.24 -3.17 -5.30 14.50%
DY 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
P/NAPS 1.17 1.21 1.43 1.98 2.50 2.76 1.99 -29.70%
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 25/11/04 20/08/04 27/05/04 26/02/04 20/11/03 20/08/03 -
Price 0.12 0.14 0.14 0.18 0.28 0.27 0.32 -
P/RPS 0.89 1.06 1.11 1.60 2.43 2.61 3.10 -56.31%
P/EPS -13.19 -38.89 -14.29 -45.00 -29.79 -26.64 -26.23 -36.63%
EY -7.58 -2.57 -7.00 -2.22 -3.36 -3.75 -3.81 57.85%
DY 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
P/NAPS 1.01 1.21 1.25 1.55 2.42 2.33 2.77 -48.80%

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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