[MANULFE] QoQ Annualized Quarter Result on 31-Mar-2006 [#1]

Announcement Date
31-May-2006
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2006
Quarter
31-Mar-2006 [#1]
Profit Trend
QoQ- -1.28%
YoY- 9.15%
Quarter Report
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Annualized Quarter Result
31/12/06 30/09/06 30/06/06 31/03/06 31/12/05 30/09/05 30/06/05 CAGR
Revenue 583,884 486,237 468,426 445,536 474,290 437,816 421,160 24.25%
PBT 71,134 63,042 63,620 55,812 56,436 57,032 52,388 22.55%
Tax -20,395 -17,737 -18,306 -16,296 -16,408 -16,777 -15,616 19.42%
NP 50,739 45,305 45,314 39,516 40,028 40,254 36,772 23.86%
-
NP to SH 50,739 45,305 45,314 39,516 40,028 40,254 36,772 23.86%
-
Tax Rate 28.67% 28.14% 28.77% 29.20% 29.07% 29.42% 29.81% -
Total Cost 533,145 440,932 423,112 406,020 434,262 397,561 384,388 24.29%
-
Net Worth 370,232 351,925 341,877 347,482 339,220 325,094 314,985 11.34%
Dividend
31/12/06 30/09/06 30/06/06 31/03/06 31/12/05 30/09/05 30/06/05 CAGR
Div - - - - - - - -
Div Payout % - - - - - - - -
Equity
31/12/06 30/09/06 30/06/06 31/03/06 31/12/05 30/09/05 30/06/05 CAGR
Net Worth 370,232 351,925 341,877 347,482 339,220 325,094 314,985 11.34%
NOSH 202,312 202,255 202,294 202,024 201,916 201,922 201,913 0.13%
Ratio Analysis
31/12/06 30/09/06 30/06/06 31/03/06 31/12/05 30/09/05 30/06/05 CAGR
NP Margin 8.69% 9.32% 9.67% 8.87% 8.44% 9.19% 8.73% -
ROE 13.70% 12.87% 13.25% 11.37% 11.80% 12.38% 11.67% -
Per Share
31/12/06 30/09/06 30/06/06 31/03/06 31/12/05 30/09/05 30/06/05 CAGR
RPS 288.60 240.41 231.56 220.54 234.89 216.82 208.58 24.09%
EPS 25.08 22.40 22.40 19.56 19.82 19.93 18.22 23.67%
DPS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
NAPS 1.83 1.74 1.69 1.72 1.68 1.61 1.56 11.19%
Adjusted Per Share Value based on latest NOSH - 202,024
31/12/06 30/09/06 30/06/06 31/03/06 31/12/05 30/09/05 30/06/05 CAGR
RPS 266.05 221.55 213.44 203.01 216.11 199.49 191.90 24.26%
EPS 23.12 20.64 20.65 18.01 18.24 18.34 16.76 23.84%
DPS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
NAPS 1.687 1.6035 1.5578 1.5833 1.5457 1.4813 1.4352 11.34%
Price Multiplier on Financial Quarter End Date
31/12/06 30/09/06 30/06/06 31/03/06 31/12/05 30/09/05 30/06/05 CAGR
Date 29/12/06 29/09/06 30/06/06 31/03/06 30/12/05 30/09/05 30/06/05 -
Price 2.31 2.14 2.15 2.24 2.30 2.13 2.14 -
P/RPS 0.80 0.89 0.93 1.02 0.98 0.98 1.03 -15.46%
P/EPS 9.21 9.55 9.60 11.45 11.60 10.68 11.75 -14.95%
EY 10.86 10.47 10.42 8.73 8.62 9.36 8.51 17.59%
DY 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
P/NAPS 1.26 1.23 1.27 1.30 1.37 1.32 1.37 -5.41%
Price Multiplier on Announcement Date
31/12/06 30/09/06 30/06/06 31/03/06 31/12/05 30/09/05 30/06/05 CAGR
Date 28/02/07 22/11/06 25/08/06 31/05/06 28/02/06 23/11/05 24/08/05 -
Price 2.50 2.20 2.19 2.39 2.26 2.10 2.15 -
P/RPS 0.87 0.92 0.95 1.08 0.96 0.97 1.03 -10.61%
P/EPS 9.97 9.82 9.78 12.22 11.40 10.53 11.81 -10.64%
EY 10.03 10.18 10.23 8.18 8.77 9.49 8.47 11.89%
DY 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
P/NAPS 1.37 1.26 1.30 1.39 1.35 1.30 1.38 -0.48%

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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