[MANULFE] QoQ Annualized Quarter Result on 31-Dec-2010 [#4]

Announcement Date
23-Feb-2011
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2010
Quarter
31-Dec-2010 [#4]
Profit Trend
QoQ- 5.7%
YoY- 8.8%
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Annualized Quarter Result
30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 31/03/10 CAGR
Revenue 675,741 595,282 557,356 612,143 576,964 557,794 525,436 18.24%
PBT 78,033 75,962 65,920 82,188 76,718 82,460 82,708 -3.80%
Tax -15,024 -14,834 -13,136 -17,834 -15,836 -16,918 -16,068 -4.37%
NP 63,009 61,128 52,784 64,354 60,882 65,542 66,640 -3.66%
-
NP to SH 63,009 61,128 52,784 64,354 60,882 65,542 66,640 -3.66%
-
Tax Rate 19.25% 19.53% 19.93% 21.70% 20.64% 20.52% 19.43% -
Total Cost 612,732 534,154 504,572 547,789 516,081 492,252 458,796 21.25%
-
Net Worth 556,471 404,773 404,508 536,283 518,150 499,965 506,075 6.52%
Dividend
30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 31/03/10 CAGR
Div - - - - - - - -
Div Payout % - - - - - - - -
Equity
30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 31/03/10 CAGR
Net Worth 556,471 404,773 404,508 536,283 518,150 499,965 506,075 6.52%
NOSH 202,353 202,386 202,254 202,371 202,402 202,415 202,430 -0.02%
Ratio Analysis
30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 31/03/10 CAGR
NP Margin 9.32% 10.27% 9.47% 10.51% 10.55% 11.75% 12.68% -
ROE 11.32% 15.10% 13.05% 12.00% 11.75% 13.11% 13.17% -
Per Share
30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 31/03/10 CAGR
RPS 333.94 294.13 275.57 302.49 285.06 275.57 259.56 18.27%
EPS 31.13 30.20 26.08 31.80 30.08 32.38 32.92 -3.65%
DPS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
NAPS 2.75 2.00 2.00 2.65 2.56 2.47 2.50 6.55%
Adjusted Per Share Value based on latest NOSH - 202,294
30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 31/03/10 CAGR
RPS 303.88 267.70 250.64 275.28 259.46 250.84 236.29 18.24%
EPS 28.34 27.49 23.74 28.94 27.38 29.47 29.97 -3.65%
DPS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
NAPS 2.5025 1.8203 1.8191 2.4117 2.3301 2.2483 2.2758 6.52%
Price Multiplier on Financial Quarter End Date
30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 31/03/10 CAGR
Date 30/09/11 30/06/11 31/03/11 30/12/10 30/09/10 30/06/10 31/03/10 -
Price 2.81 3.02 3.12 3.10 2.80 2.58 2.89 -
P/RPS 0.84 1.03 1.13 1.02 0.98 0.94 1.11 -16.94%
P/EPS 9.02 10.00 11.96 9.75 9.31 7.97 8.78 1.81%
EY 11.08 10.00 8.36 10.26 10.74 12.55 11.39 -1.82%
DY 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
P/NAPS 1.02 1.51 1.56 1.17 1.09 1.04 1.16 -8.20%
Price Multiplier on Announcement Date
30/09/11 30/06/11 31/03/11 31/12/10 30/09/10 30/06/10 31/03/10 CAGR
Date 24/11/11 16/08/11 18/05/11 23/02/11 16/11/10 25/08/10 25/05/10 -
Price 3.16 2.94 3.15 3.10 3.18 2.80 2.55 -
P/RPS 0.95 1.00 1.14 1.02 1.12 1.02 0.98 -2.04%
P/EPS 10.15 9.73 12.07 9.75 10.57 8.65 7.75 19.68%
EY 9.85 10.27 8.29 10.26 9.46 11.56 12.91 -16.48%
DY 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
P/NAPS 1.15 1.47 1.58 1.17 1.24 1.13 1.02 8.31%

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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