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

Announcement Date
24-Aug-2004
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2004
Quarter
30-Jun-2004 [#2]
Profit Trend
QoQ- 43.88%
YoY- 161.77%
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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 13,659,548 13,250,900 13,047,726 13,001,262 13,028,176 11,796,350 11,461,788 12.39%
PBT 2,131,712 3,172,839 2,972,088 3,414,992 2,824,284 1,810,452 1,732,204 14.82%
Tax -633,812 -559,379 -586,408 -496,428 -795,760 -420,038 -544,665 10.62%
NP 1,497,900 2,613,460 2,385,680 2,918,564 2,028,524 1,390,414 1,187,538 16.72%
-
NP to SH 1,497,900 2,613,460 2,385,680 2,918,564 2,028,524 1,390,414 1,187,538 16.72%
-
Tax Rate 29.73% 17.63% 19.73% 14.54% 28.18% 23.20% 31.44% -
Total Cost 12,161,648 10,637,440 10,662,046 10,082,698 10,999,652 10,405,936 10,274,249 11.88%
-
Net Worth 14,804,919 15,196,836 14,305,434 14,210,627 13,660,595 12,468,442 11,867,964 15.86%
Dividend
31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 CAGR
Div - 1,002,606 443,434 661,805 - 637,804 - -
Div Payout % - 38.36% 18.59% 22.68% - 45.87% - -
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 14,804,919 15,196,836 14,305,434 14,210,627 13,660,595 12,468,442 11,867,964 15.86%
NOSH 3,373,648 3,342,020 3,325,762 3,309,029 3,293,058 3,189,023 3,180,907 3.99%
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 10.97% 19.72% 18.28% 22.45% 15.57% 11.79% 10.36% -
ROE 10.12% 17.20% 16.68% 20.54% 14.85% 11.15% 10.01% -
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 404.89 396.49 392.32 392.90 395.63 369.90 360.33 8.07%
EPS 44.40 78.20 71.73 88.20 61.60 43.60 37.33 12.24%
DPS 0.00 30.00 13.33 20.00 0.00 20.00 0.00 -
NAPS 4.3884 4.5472 4.3014 4.2945 4.1483 3.9098 3.731 11.41%
Adjusted Per Share Value based on latest NOSH - 3,340,880
31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 CAGR
RPS 355.93 345.28 339.99 338.78 339.48 307.38 298.66 12.39%
EPS 39.03 68.10 62.16 76.05 52.86 36.23 30.94 16.73%
DPS 0.00 26.13 11.55 17.24 0.00 16.62 0.00 -
NAPS 3.8578 3.9599 3.7276 3.7029 3.5596 3.2489 3.0925 15.86%
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 4.88 5.80 5.60 5.15 5.15 4.20 3.67 -
P/RPS 1.21 1.46 1.43 1.31 1.30 1.14 1.02 12.04%
P/EPS 10.99 7.42 7.81 5.84 8.36 9.63 9.83 7.71%
EY 9.10 13.48 12.81 17.13 11.96 10.38 10.17 -7.13%
DY 0.00 5.17 2.38 3.88 0.00 4.76 0.00 -
P/NAPS 1.11 1.28 1.30 1.20 1.24 1.07 0.98 8.65%
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 31/05/05 24/02/05 30/11/04 24/08/04 26/05/04 26/02/04 21/11/03 -
Price 4.90 5.30 6.00 5.05 4.75 5.25 4.18 -
P/RPS 1.21 1.34 1.53 1.29 1.20 1.42 1.16 2.85%
P/EPS 11.04 6.78 8.36 5.73 7.71 12.04 11.20 -0.95%
EY 9.06 14.75 11.96 17.47 12.97 8.30 8.93 0.96%
DY 0.00 5.66 2.22 3.96 0.00 3.81 0.00 -
P/NAPS 1.12 1.17 1.39 1.18 1.15 1.34 1.12 0.00%

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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