[MCEMENT] QoQ Annualized Quarter Result on 31-Mar-2012 [#1]

Announcement Date
29-May-2012
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2012
Quarter
31-Mar-2012 [#1]
Profit Trend
QoQ- -18.43%
YoY- 24.74%
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Annualized Quarter Result
31/12/12 30/09/12 30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 CAGR
Revenue 2,740,062 2,733,221 2,682,322 2,576,792 2,552,564 2,527,617 2,540,372 5.14%
PBT 469,752 441,144 395,002 348,456 414,647 360,225 345,910 22.51%
Tax -120,262 -116,668 -101,418 -89,476 -97,000 -94,244 -90,668 20.61%
NP 349,490 324,476 293,584 258,980 317,647 265,981 255,242 23.18%
-
NP to SH 349,005 324,377 293,822 259,272 317,845 267,278 258,314 22.10%
-
Tax Rate 25.60% 26.45% 25.68% 25.68% 23.39% 26.16% 26.21% -
Total Cost 2,390,572 2,408,745 2,388,738 2,317,812 2,234,917 2,261,636 2,285,130 3.03%
-
Net Worth 3,169,362 3,135,374 3,101,386 3,092,889 3,110,461 3,066,343 3,058,981 2.38%
Dividend
31/12/12 30/09/12 30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 CAGR
Div 314,387 271,902 305,890 271,902 288,949 271,808 271,909 10.11%
Div Payout % 90.08% 83.82% 104.11% 104.87% 90.91% 101.69% 105.26% -
Equity
31/12/12 30/09/12 30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 CAGR
Net Worth 3,169,362 3,135,374 3,101,386 3,092,889 3,110,461 3,066,343 3,058,981 2.38%
NOSH 849,695 849,695 849,695 849,695 849,852 849,402 849,717 -0.00%
Ratio Analysis
31/12/12 30/09/12 30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 CAGR
NP Margin 12.75% 11.87% 10.95% 10.05% 12.44% 10.52% 10.05% -
ROE 11.01% 10.35% 9.47% 8.38% 10.22% 8.72% 8.44% -
Per Share
31/12/12 30/09/12 30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 CAGR
RPS 322.48 321.67 315.68 303.26 300.35 297.58 298.97 5.15%
EPS 41.10 38.13 34.60 30.40 37.40 31.47 30.40 22.15%
DPS 37.00 32.00 36.00 32.00 34.00 32.00 32.00 10.11%
NAPS 3.73 3.69 3.65 3.64 3.66 3.61 3.60 2.38%
Adjusted Per Share Value based on latest NOSH - 849,695
31/12/12 30/09/12 30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 CAGR
RPS 205.57 205.06 201.24 193.32 191.50 189.63 190.59 5.14%
EPS 26.18 24.34 22.04 19.45 23.85 20.05 19.38 22.09%
DPS 23.59 20.40 22.95 20.40 21.68 20.39 20.40 10.12%
NAPS 2.3778 2.3523 2.3268 2.3204 2.3336 2.3005 2.295 2.37%
Price Multiplier on Financial Quarter End Date
31/12/12 30/09/12 30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 CAGR
Date 31/12/12 28/09/12 29/06/12 30/03/12 30/12/11 30/09/11 30/06/11 -
Price 9.62 8.90 7.30 7.20 7.00 6.56 7.45 -
P/RPS 2.98 2.77 2.31 2.37 2.33 2.20 2.49 12.66%
P/EPS 23.42 23.31 21.11 23.60 18.72 20.85 24.51 -2.97%
EY 4.27 4.29 4.74 4.24 5.34 4.80 4.08 3.06%
DY 3.85 3.60 4.93 4.44 4.86 4.88 4.30 -7.07%
P/NAPS 2.58 2.41 2.00 1.98 1.91 1.82 2.07 15.73%
Price Multiplier on Announcement Date
31/12/12 30/09/12 30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 CAGR
Date 20/02/13 22/11/12 28/08/12 29/05/12 22/02/12 22/11/11 24/08/11 -
Price 9.19 9.62 8.60 7.07 7.37 6.59 7.01 -
P/RPS 2.85 2.99 2.72 2.33 2.45 2.21 2.34 13.97%
P/EPS 22.37 25.20 24.87 23.17 19.71 20.94 23.06 -1.99%
EY 4.47 3.97 4.02 4.32 5.07 4.77 4.34 1.97%
DY 4.03 3.33 4.19 4.53 4.61 4.86 4.56 -7.87%
P/NAPS 2.46 2.61 2.36 1.94 2.01 1.83 1.95 16.67%

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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