[WTHORSE] QoQ Annualized Quarter Result on 31-Dec-2011 [#4]

Announcement Date
24-Feb-2012
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2011
Quarter
31-Dec-2011 [#4]
Profit Trend
QoQ- 16.64%
YoY- -7.41%
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Annualized Quarter Result
30/09/12 30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 31/03/11 CAGR
Revenue 581,176 574,310 514,636 530,041 518,953 516,194 473,396 14.61%
PBT 52,970 57,476 62,844 71,383 67,601 70,346 67,304 -14.71%
Tax -12,294 -13,376 -14,700 -10,781 -15,646 -16,194 -15,468 -14.16%
NP 40,676 44,100 48,144 60,602 51,954 54,152 51,836 -14.88%
-
NP to SH 40,676 44,100 48,144 60,602 51,954 54,152 51,836 -14.88%
-
Tax Rate 23.21% 23.27% 23.39% 15.10% 23.14% 23.02% 22.98% -
Total Cost 540,500 530,210 466,492 469,439 466,998 462,042 421,560 17.96%
-
Net Worth 675,380 668,390 668,411 656,770 645,984 634,378 631,866 4.52%
Dividend
30/09/12 30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 31/03/11 CAGR
Div 15,314 - - 22,964 15,325 - - -
Div Payout % 37.65% - - 37.89% 29.50% - - -
Equity
30/09/12 30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 31/03/11 CAGR
Net Worth 675,380 668,390 668,411 656,770 645,984 634,378 631,866 4.52%
NOSH 229,721 229,687 229,694 229,640 229,887 229,847 229,769 -0.01%
Ratio Analysis
30/09/12 30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 31/03/11 CAGR
NP Margin 7.00% 7.68% 9.35% 11.43% 10.01% 10.49% 10.95% -
ROE 6.02% 6.60% 7.20% 9.23% 8.04% 8.54% 8.20% -
Per Share
30/09/12 30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 31/03/11 CAGR
RPS 252.99 250.04 224.05 230.81 225.74 224.58 206.03 14.62%
EPS 17.71 19.20 20.96 26.39 22.60 23.56 22.56 -14.86%
DPS 6.67 0.00 0.00 10.00 6.67 0.00 0.00 -
NAPS 2.94 2.91 2.91 2.86 2.81 2.76 2.75 4.54%
Adjusted Per Share Value based on latest NOSH - 229,688
30/09/12 30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 31/03/11 CAGR
RPS 264.17 261.05 233.93 240.93 235.89 234.63 215.18 14.61%
EPS 18.49 20.05 21.88 27.55 23.62 24.61 23.56 -14.87%
DPS 6.96 0.00 0.00 10.44 6.97 0.00 0.00 -
NAPS 3.0699 3.0381 3.0382 2.9853 2.9363 2.8835 2.8721 4.52%
Price Multiplier on Financial Quarter End Date
30/09/12 30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 31/03/11 CAGR
Date 28/09/12 29/06/12 30/03/12 30/12/11 30/09/11 30/06/11 31/03/11 -
Price 1.65 1.66 1.68 1.67 1.70 1.88 1.94 -
P/RPS 0.65 0.66 0.75 0.72 0.75 0.84 0.94 -21.75%
P/EPS 9.32 8.65 8.02 6.33 7.52 7.98 8.60 5.49%
EY 10.73 11.57 12.48 15.80 13.29 12.53 11.63 -5.21%
DY 4.04 0.00 0.00 5.99 3.92 0.00 0.00 -
P/NAPS 0.56 0.57 0.58 0.58 0.60 0.68 0.71 -14.59%
Price Multiplier on Announcement Date
30/09/12 30/06/12 31/03/12 31/12/11 30/09/11 30/06/11 31/03/11 CAGR
Date 21/11/12 29/08/12 17/05/12 24/02/12 18/11/11 19/08/11 20/05/11 -
Price 1.65 1.67 1.69 1.75 1.72 1.75 1.99 -
P/RPS 0.65 0.67 0.75 0.76 0.76 0.78 0.97 -23.36%
P/EPS 9.32 8.70 8.06 6.63 7.61 7.43 8.82 3.73%
EY 10.73 11.50 12.40 15.08 13.14 13.46 11.34 -3.60%
DY 4.04 0.00 0.00 5.71 3.88 0.00 0.00 -
P/NAPS 0.56 0.57 0.58 0.61 0.61 0.63 0.72 -15.38%

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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