[TM] QoQ Annualized Quarter Result on 31-Mar-2008 [#1]

Announcement Date
22-May-2008
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2008
Quarter
31-Mar-2008 [#1]
Profit Trend
QoQ- -18.4%
YoY- -12.76%
Quarter Report
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Annualized Quarter Result
31/12/08 30/09/08 30/06/08 31/03/08 31/12/07 30/09/07 30/06/07 CAGR
Revenue 8,674,917 8,236,194 8,230,248 8,023,832 8,295,953 8,255,296 8,125,116 4.44%
PBT 353,803 133,317 476,208 436,992 918,670 956,904 882,438 -45.47%
Tax 547,375 822,862 1,263,686 1,856,052 1,712,927 1,695,760 1,850,646 -55.44%
NP 901,178 956,180 1,739,894 2,293,044 2,631,597 2,652,664 2,733,084 -52.11%
-
NP to SH 791,865 836,078 1,585,750 2,078,820 2,547,692 2,606,973 2,593,430 -54.49%
-
Tax Rate -154.71% -617.22% -265.36% -424.73% -186.46% -177.21% -209.72% -
Total Cost 7,773,739 7,280,014 6,490,354 5,730,788 5,664,356 5,602,632 5,392,032 27.47%
-
Net Worth 10,209,205 10,357,842 10,749,462 19,519,224 19,713,109 20,388,494 20,334,539 -36.69%
Dividend
31/12/08 30/09/08 30/06/08 31/03/08 31/12/07 30/09/07 30/06/07 CAGR
Div 903,758 551,260 823,766 - 3,869,478 1,187,063 1,774,452 -36.09%
Div Payout % 114.13% 65.93% 51.95% - 151.88% 45.53% 68.42% -
Equity
31/12/08 30/09/08 30/06/08 31/03/08 31/12/07 30/09/07 30/06/07 CAGR
Net Worth 10,209,205 10,357,842 10,749,462 19,519,224 19,713,109 20,388,494 20,334,539 -36.69%
NOSH 3,442,891 3,445,378 3,432,359 3,441,754 3,424,317 3,424,220 3,412,407 0.59%
Ratio Analysis
31/12/08 30/09/08 30/06/08 31/03/08 31/12/07 30/09/07 30/06/07 CAGR
NP Margin 10.39% 11.61% 21.14% 28.58% 31.72% 32.13% 33.64% -
ROE 7.76% 8.07% 14.75% 10.65% 12.92% 12.79% 12.75% -
Per Share
31/12/08 30/09/08 30/06/08 31/03/08 31/12/07 30/09/07 30/06/07 CAGR
RPS 251.97 239.05 239.78 233.13 242.27 241.09 238.11 3.82%
EPS 23.00 24.27 46.20 60.40 74.40 76.13 76.00 -54.76%
DPS 26.25 16.00 24.00 0.00 113.00 34.67 52.00 -36.46%
NAPS 2.9653 3.0063 3.1318 5.6713 5.7568 5.9542 5.959 -37.07%
Adjusted Per Share Value based on latest NOSH - 3,441,754
31/12/08 30/09/08 30/06/08 31/03/08 31/12/07 30/09/07 30/06/07 CAGR
RPS 226.04 214.61 214.46 209.08 216.17 215.11 211.72 4.43%
EPS 20.63 21.79 41.32 54.17 66.39 67.93 67.58 -54.49%
DPS 23.55 14.36 21.47 0.00 100.83 30.93 46.24 -36.09%
NAPS 2.6602 2.699 2.801 5.0862 5.1367 5.3127 5.2986 -36.69%
Price Multiplier on Financial Quarter End Date
31/12/08 30/09/08 30/06/08 31/03/08 31/12/07 30/09/07 30/06/07 CAGR
Date 31/12/08 30/09/08 30/06/08 31/03/08 31/12/07 28/09/07 29/06/07 -
Price 1.54 1.64 1.59 5.30 5.60 4.85 5.15 -
P/RPS 0.61 0.69 0.66 2.27 2.31 2.01 2.16 -56.79%
P/EPS 6.70 6.76 3.44 8.77 7.53 6.37 6.78 -0.78%
EY 14.94 14.80 29.06 11.40 13.29 15.70 14.76 0.80%
DY 17.05 9.76 15.09 0.00 20.18 7.15 10.10 41.55%
P/NAPS 0.52 0.55 0.51 0.93 0.97 0.81 0.86 -28.38%
Price Multiplier on Announcement Date
31/12/08 30/09/08 30/06/08 31/03/08 31/12/07 30/09/07 30/06/07 CAGR
Date 24/02/09 11/11/08 19/08/08 22/05/08 26/02/08 07/11/07 26/07/07 -
Price 1.67 1.65 1.75 1.62 5.70 5.15 5.10 -
P/RPS 0.66 0.69 0.73 0.69 2.35 2.14 2.14 -54.18%
P/EPS 7.26 6.80 3.79 2.68 7.66 6.76 6.71 5.36%
EY 13.77 14.71 26.40 37.28 13.05 14.78 14.90 -5.09%
DY 15.72 9.70 13.71 0.00 19.82 6.73 10.20 33.24%
P/NAPS 0.56 0.55 0.56 0.29 0.99 0.86 0.86 -24.77%

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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