[WTHORSE] QoQ Annualized Quarter Result on 30-Sep-2011 [#3]

Announcement Date
18-Nov-2011
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2011
Quarter
30-Sep-2011 [#3]
Profit Trend
QoQ- -4.06%
YoY- -20.89%
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Annualized Quarter Result
30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 31/03/11 31/12/10 CAGR
Revenue 574,310 514,636 530,041 518,953 516,194 473,396 530,363 5.45%
PBT 57,476 62,844 71,383 67,601 70,346 67,304 83,325 -21.94%
Tax -13,376 -14,700 -10,781 -15,646 -16,194 -15,468 -17,872 -17.58%
NP 44,100 48,144 60,602 51,954 54,152 51,836 65,453 -23.16%
-
NP to SH 44,100 48,144 60,602 51,954 54,152 51,836 65,453 -23.16%
-
Tax Rate 23.27% 23.39% 15.10% 23.14% 23.02% 22.98% 21.45% -
Total Cost 530,210 466,492 469,439 466,998 462,042 421,560 464,910 9.16%
-
Net Worth 668,390 668,411 656,770 645,984 634,378 631,866 618,664 5.29%
Dividend
30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 31/03/11 31/12/10 CAGR
Div - - 22,964 15,325 - - 27,598 -
Div Payout % - - 37.89% 29.50% - - 42.17% -
Equity
30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 31/03/11 31/12/10 CAGR
Net Worth 668,390 668,411 656,770 645,984 634,378 631,866 618,664 5.29%
NOSH 229,687 229,694 229,640 229,887 229,847 229,769 229,986 -0.08%
Ratio Analysis
30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 31/03/11 31/12/10 CAGR
NP Margin 7.68% 9.35% 11.43% 10.01% 10.49% 10.95% 12.34% -
ROE 6.60% 7.20% 9.23% 8.04% 8.54% 8.20% 10.58% -
Per Share
30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 31/03/11 31/12/10 CAGR
RPS 250.04 224.05 230.81 225.74 224.58 206.03 230.61 5.54%
EPS 19.20 20.96 26.39 22.60 23.56 22.56 28.50 -23.16%
DPS 0.00 0.00 10.00 6.67 0.00 0.00 12.00 -
NAPS 2.91 2.91 2.86 2.81 2.76 2.75 2.69 5.38%
Adjusted Per Share Value based on latest NOSH - 229,980
30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 31/03/11 31/12/10 CAGR
RPS 239.30 214.43 220.85 216.23 215.08 197.25 220.98 5.45%
EPS 18.38 20.06 25.25 21.65 22.56 21.60 27.27 -23.14%
DPS 0.00 0.00 9.57 6.39 0.00 0.00 11.50 -
NAPS 2.785 2.785 2.7365 2.6916 2.6432 2.6328 2.5778 5.29%
Price Multiplier on Financial Quarter End Date
30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 31/03/11 31/12/10 CAGR
Date 29/06/12 30/03/12 30/12/11 30/09/11 30/06/11 31/03/11 30/12/10 -
Price 1.66 1.68 1.67 1.70 1.88 1.94 2.10 -
P/RPS 0.66 0.75 0.72 0.75 0.84 0.94 0.91 -19.29%
P/EPS 8.65 8.02 6.33 7.52 7.98 8.60 7.38 11.17%
EY 11.57 12.48 15.80 13.29 12.53 11.63 13.55 -10.00%
DY 0.00 0.00 5.99 3.92 0.00 0.00 5.71 -
P/NAPS 0.57 0.58 0.58 0.60 0.68 0.71 0.78 -18.88%
Price Multiplier on Announcement Date
30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 31/03/11 31/12/10 CAGR
Date 29/08/12 17/05/12 24/02/12 18/11/11 19/08/11 20/05/11 24/02/11 -
Price 1.67 1.69 1.75 1.72 1.75 1.99 1.93 -
P/RPS 0.67 0.75 0.76 0.76 0.78 0.97 0.84 -14.00%
P/EPS 8.70 8.06 6.63 7.61 7.43 8.82 6.78 18.10%
EY 11.50 12.40 15.08 13.14 13.46 11.34 14.75 -15.30%
DY 0.00 0.00 5.71 3.88 0.00 0.00 6.22 -
P/NAPS 0.57 0.58 0.61 0.61 0.63 0.72 0.72 -14.43%

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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