[APM] QoQ Annualized Quarter Result on 30-Sep-2004 [#3]

Announcement Date
18-Nov-2004
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2004
Quarter
30-Sep-2004 [#3]
Profit Trend
QoQ- 8.8%
YoY- 10.48%
Quarter Report
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Annualized Quarter Result
30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 CAGR
Revenue 903,284 856,020 789,049 776,236 739,966 705,708 664,399 22.74%
PBT 87,512 83,092 76,831 75,761 69,676 63,624 64,481 22.60%
Tax -21,790 -20,220 -18,163 -18,589 -17,128 -16,476 -15,799 23.92%
NP 65,722 62,872 58,668 57,172 52,548 47,148 48,682 22.17%
-
NP to SH 65,730 62,080 58,668 57,172 52,548 47,148 48,682 22.18%
-
Tax Rate 24.90% 24.33% 23.64% 24.54% 24.58% 25.90% 24.50% -
Total Cost 837,562 793,148 730,381 719,064 687,418 658,560 615,717 22.79%
-
Net Worth 465,184 464,996 448,969 432,816 412,733 414,355 402,829 10.07%
Dividend
30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 CAGR
Div 20,137 - 24,159 13,420 20,133 - 22,155 -6.17%
Div Payout % 30.64% - 41.18% 23.47% 38.31% - 45.51% -
Equity
30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 CAGR
Net Worth 465,184 464,996 448,969 432,816 412,733 414,355 402,829 10.07%
NOSH 201,378 201,297 201,331 201,309 201,333 201,143 201,414 -0.01%
Ratio Analysis
30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 CAGR
NP Margin 7.28% 7.34% 7.44% 7.37% 7.10% 6.68% 7.33% -
ROE 14.13% 13.35% 13.07% 13.21% 12.73% 11.38% 12.09% -
Per Share
30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 CAGR
RPS 448.55 425.25 391.92 385.59 367.53 350.85 329.87 22.76%
EPS 32.64 30.84 29.14 28.40 26.10 23.44 24.17 22.19%
DPS 10.00 0.00 12.00 6.67 10.00 0.00 11.00 -6.16%
NAPS 2.31 2.31 2.23 2.15 2.05 2.06 2.00 10.09%
Adjusted Per Share Value based on latest NOSH - 201,272
30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 CAGR
RPS 448.06 424.61 391.39 385.04 367.05 350.05 329.56 22.74%
EPS 32.60 30.79 29.10 28.36 26.07 23.39 24.15 22.16%
DPS 9.99 0.00 11.98 6.66 9.99 0.00 10.99 -6.16%
NAPS 2.3075 2.3065 2.227 2.1469 2.0473 2.0553 1.9982 10.07%
Price Multiplier on Financial Quarter End Date
30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 CAGR
Date 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 -
Price 2.46 2.69 2.55 2.43 2.50 2.60 2.80 -
P/RPS 0.55 0.63 0.65 0.63 0.68 0.74 0.85 -25.20%
P/EPS 7.54 8.72 8.75 8.56 9.58 11.09 11.58 -24.89%
EY 13.27 11.46 11.43 11.69 10.44 9.02 8.63 33.25%
DY 4.07 0.00 4.71 2.74 4.00 0.00 3.93 2.36%
P/NAPS 1.06 1.16 1.14 1.13 1.22 1.26 1.40 -16.94%
Price Multiplier on Announcement Date
30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 CAGR
Date 17/08/05 19/05/05 28/02/05 18/11/04 12/08/04 31/05/04 25/02/04 -
Price 2.53 2.42 2.50 2.40 2.50 2.54 2.73 -
P/RPS 0.56 0.57 0.64 0.62 0.68 0.72 0.83 -23.09%
P/EPS 7.75 7.85 8.58 8.45 9.58 10.84 11.29 -22.20%
EY 12.90 12.74 11.66 11.83 10.44 9.23 8.85 28.58%
DY 3.95 0.00 4.80 2.78 4.00 0.00 4.03 -1.32%
P/NAPS 1.10 1.05 1.12 1.12 1.22 1.23 1.37 -13.62%

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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