[MANULFE] QoQ Annualized Quarter Result on 31-Mar-2009 [#1]

Announcement Date
25-May-2009
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2009
Quarter
31-Mar-2009 [#1]
Profit Trend
QoQ- 12.86%
YoY- -21.28%
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Annualized Quarter Result
31/12/09 30/09/09 30/06/09 31/03/09 31/12/08 30/09/08 30/06/08 CAGR
Revenue 590,970 572,329 567,628 547,132 638,528 630,264 542,930 5.79%
PBT 93,151 85,708 81,150 67,672 61,056 58,820 80,226 10.44%
Tax -34,003 -28,756 -24,780 -14,624 -14,053 -14,176 -19,184 46.30%
NP 59,148 56,952 56,370 53,048 47,003 44,644 61,042 -2.07%
-
NP to SH 59,148 56,952 56,370 53,048 47,003 44,644 61,042 -2.07%
-
Tax Rate 36.50% 33.55% 30.54% 21.61% 23.02% 24.10% 23.91% -
Total Cost 531,822 515,377 511,258 494,084 591,525 585,620 481,888 6.77%
-
Net Worth 487,672 469,429 443,109 455,564 437,049 425,116 420,979 10.27%
Dividend
31/12/09 30/09/09 30/06/09 31/03/09 31/12/08 30/09/08 30/06/08 CAGR
Div 45,529 26,304 39,454 78,964 - - - -
Div Payout % 76.98% 46.19% 69.99% 148.85% - - - -
Equity
31/12/09 30/09/09 30/06/09 31/03/09 31/12/08 30/09/08 30/06/08 CAGR
Net Worth 487,672 469,429 443,109 455,564 437,049 425,116 420,979 10.27%
NOSH 202,353 202,340 202,333 202,473 202,337 202,436 202,393 -0.01%
Ratio Analysis
31/12/09 30/09/09 30/06/09 31/03/09 31/12/08 30/09/08 30/06/08 CAGR
NP Margin 10.01% 9.95% 9.93% 9.70% 7.36% 7.08% 11.24% -
ROE 12.13% 12.13% 12.72% 11.64% 10.75% 10.50% 14.50% -
Per Share
31/12/09 30/09/09 30/06/09 31/03/09 31/12/08 30/09/08 30/06/08 CAGR
RPS 292.05 282.86 280.54 270.22 315.58 311.34 268.25 5.81%
EPS 29.23 28.15 27.86 26.20 23.23 22.05 30.16 -2.06%
DPS 22.50 13.00 19.50 39.00 0.00 0.00 0.00 -
NAPS 2.41 2.32 2.19 2.25 2.16 2.10 2.08 10.28%
Adjusted Per Share Value based on latest NOSH - 202,473
31/12/09 30/09/09 30/06/09 31/03/09 31/12/08 30/09/08 30/06/08 CAGR
RPS 269.27 260.78 258.64 249.30 290.94 287.18 247.39 5.79%
EPS 26.95 25.95 25.68 24.17 21.42 20.34 27.81 -2.06%
DPS 20.75 11.99 17.98 35.98 0.00 0.00 0.00 -
NAPS 2.2221 2.1389 2.019 2.0758 1.9914 1.937 1.9182 10.27%
Price Multiplier on Financial Quarter End Date
31/12/09 30/09/09 30/06/09 31/03/09 31/12/08 30/09/08 30/06/08 CAGR
Date 31/12/09 30/09/09 30/06/09 31/03/09 31/12/08 30/09/08 30/06/08 -
Price 3.30 2.20 2.37 2.15 2.08 2.82 2.75 -
P/RPS 1.13 0.78 0.84 0.80 0.66 0.91 1.03 6.35%
P/EPS 11.29 7.82 8.51 8.21 8.95 12.79 9.12 15.24%
EY 8.86 12.79 11.76 12.19 11.17 7.82 10.97 -13.23%
DY 6.82 5.91 8.23 18.14 0.00 0.00 0.00 -
P/NAPS 1.37 0.95 1.08 0.96 0.96 1.34 1.32 2.50%
Price Multiplier on Announcement Date
31/12/09 30/09/09 30/06/09 31/03/09 31/12/08 30/09/08 30/06/08 CAGR
Date 02/03/10 13/11/09 24/08/09 25/05/09 27/02/09 26/11/08 27/08/08 -
Price 2.71 2.47 2.10 2.40 2.00 2.06 3.10 -
P/RPS 0.93 0.87 0.75 0.89 0.63 0.66 1.16 -13.66%
P/EPS 9.27 8.78 7.54 9.16 8.61 9.34 10.28 -6.64%
EY 10.79 11.40 13.27 10.92 11.62 10.71 9.73 7.11%
DY 8.30 5.26 9.29 16.25 0.00 0.00 0.00 -
P/NAPS 1.12 1.06 0.96 1.07 0.93 0.98 1.49 -17.28%

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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