[MANULFE] QoQ Annualized Quarter Result on 30-Jun-2004 [#2]

Announcement Date
25-Aug-2004
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2004
Quarter
30-Jun-2004 [#2]
Profit Trend
QoQ- 8.36%
YoY- 38.83%
Quarter Report
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Annualized Quarter Result
31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 CAGR
Revenue 393,380 435,313 414,501 408,584 387,608 407,095 373,985 3.42%
PBT 50,724 56,876 51,834 48,806 45,220 48,530 38,589 19.97%
Tax -14,520 -16,367 -14,813 -13,928 -13,032 -4,017 -10,981 20.45%
NP 36,204 40,509 37,021 34,878 32,188 44,513 27,608 19.78%
-
NP to SH 36,204 40,509 37,021 34,878 32,188 44,513 27,608 19.78%
-
Tax Rate 28.63% 28.78% 28.58% 28.54% 28.82% 8.28% 28.46% -
Total Cost 357,176 394,804 377,480 373,706 355,420 362,582 346,377 2.06%
-
Net Worth 324,985 316,886 302,681 292,330 306,552 298,366 274,198 11.98%
Dividend
31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 CAGR
Div - - - - - - - -
Div Payout % - - - - - - - -
Equity
31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 CAGR
Net Worth 324,985 316,886 302,681 292,330 306,552 298,366 274,198 11.98%
NOSH 201,854 201,838 201,787 201,606 201,679 201,598 201,616 0.07%
Ratio Analysis
31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 CAGR
NP Margin 9.20% 9.31% 8.93% 8.54% 8.30% 10.93% 7.38% -
ROE 11.14% 12.78% 12.23% 11.93% 10.50% 14.92% 10.07% -
Per Share
31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 CAGR
RPS 194.88 215.67 205.41 202.66 192.19 201.93 185.49 3.34%
EPS 17.92 20.07 18.35 17.30 15.96 22.08 13.69 19.64%
DPS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
NAPS 1.61 1.57 1.50 1.45 1.52 1.48 1.36 11.89%
Adjusted Per Share Value based on latest NOSH - 201,978
31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 CAGR
RPS 179.24 198.35 188.87 186.17 176.61 185.49 170.41 3.42%
EPS 16.50 18.46 16.87 15.89 14.67 20.28 12.58 19.80%
DPS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
NAPS 1.4808 1.4439 1.3792 1.332 1.3968 1.3595 1.2494 11.98%
Price Multiplier on Financial Quarter End Date
31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 CAGR
Date 31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 -
Price 2.34 2.30 2.14 1.98 2.15 2.00 2.00 -
P/RPS 1.20 1.07 1.04 0.98 1.12 0.99 1.08 7.26%
P/EPS 13.05 11.46 11.66 11.45 13.47 9.06 14.61 -7.24%
EY 7.66 8.73 8.57 8.74 7.42 11.04 6.85 7.72%
DY 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
P/NAPS 1.45 1.46 1.43 1.37 1.41 1.35 1.47 -0.90%
Price Multiplier on Announcement Date
31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 CAGR
Date 30/05/05 28/02/05 25/11/04 25/08/04 26/05/04 24/02/04 19/11/03 -
Price 2.25 2.29 2.16 2.19 2.31 2.09 1.99 -
P/RPS 1.15 1.06 1.05 1.08 1.20 1.03 1.07 4.91%
P/EPS 12.54 11.41 11.77 12.66 14.47 9.47 14.53 -9.34%
EY 7.97 8.76 8.49 7.90 6.91 10.56 6.88 10.29%
DY 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
P/NAPS 1.40 1.46 1.44 1.51 1.52 1.41 1.46 -2.75%

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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