[NAIM] QoQ Annualized Quarter Result on 31-Mar-2005 [#1]

Announcement Date
25-May-2005
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2005
Quarter
31-Mar-2005 [#1]
Profit Trend
QoQ- 5.86%
YoY- -6.19%
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Annualized Quarter Result
31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 CAGR
Revenue 423,094 324,277 298,986 287,584 343,710 324,373 304,880 24.34%
PBT 123,128 100,722 108,824 122,944 114,964 108,225 109,928 7.83%
Tax -34,153 -26,752 -28,070 -32,968 -45,469 -39,974 -43,224 -14.49%
NP 88,975 73,970 80,754 89,976 69,495 68,250 66,704 21.11%
-
NP to SH 79,145 62,566 67,856 73,564 69,495 68,250 66,704 12.04%
-
Tax Rate 27.74% 26.56% 25.79% 26.82% 39.55% 36.94% 39.32% -
Total Cost 334,119 250,306 218,232 197,608 274,215 256,122 238,176 25.23%
-
Net Worth 454,647 433,115 433,070 430,690 454,397 394,907 377,522 13.15%
Dividend
31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 CAGR
Div 29,650 23,099 34,645 - 29,960 16,662 - -
Div Payout % 37.46% 36.92% 51.06% - 43.11% 24.41% - -
Equity
31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 CAGR
Net Worth 454,647 433,115 433,070 430,690 454,397 394,907 377,522 13.15%
NOSH 247,090 247,494 247,469 247,523 249,668 249,941 250,014 -0.77%
Ratio Analysis
31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 CAGR
NP Margin 21.03% 22.81% 27.01% 31.29% 20.22% 21.04% 21.88% -
ROE 17.41% 14.45% 15.67% 17.08% 15.29% 17.28% 17.67% -
Per Share
31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 CAGR
RPS 171.23 131.02 120.82 116.18 137.67 129.78 121.94 25.32%
EPS 32.04 25.28 27.42 29.72 27.84 27.31 26.68 12.94%
DPS 12.00 9.33 14.00 0.00 12.00 6.67 0.00 -
NAPS 1.84 1.75 1.75 1.74 1.82 1.58 1.51 14.04%
Adjusted Per Share Value based on latest NOSH - 247,523
31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 CAGR
RPS 82.35 63.11 58.19 55.97 66.90 63.13 59.34 24.34%
EPS 15.40 12.18 13.21 14.32 13.53 13.28 12.98 12.03%
DPS 5.77 4.50 6.74 0.00 5.83 3.24 0.00 -
NAPS 0.8849 0.843 0.8429 0.8382 0.8844 0.7686 0.7348 13.15%
Price Multiplier on Financial Quarter End Date
31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 CAGR
Date 30/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 -
Price 2.98 3.08 3.30 3.16 3.20 3.26 3.30 -
P/RPS 1.74 2.35 2.73 2.72 2.32 2.51 2.71 -25.51%
P/EPS 9.30 12.18 12.04 10.63 11.50 11.94 12.37 -17.27%
EY 10.75 8.21 8.31 9.41 8.70 8.38 8.08 20.90%
DY 4.03 3.03 4.24 0.00 3.75 2.04 0.00 -
P/NAPS 1.62 1.76 1.89 1.82 1.76 2.06 2.19 -18.16%
Price Multiplier on Announcement Date
31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 CAGR
Date 20/03/06 28/10/05 26/08/05 25/05/05 17/02/05 28/10/04 23/08/04 -
Price 3.38 3.00 3.14 3.22 3.16 3.12 3.44 -
P/RPS 1.97 2.29 2.60 2.77 2.30 2.40 2.82 -21.21%
P/EPS 10.55 11.87 11.45 10.83 11.35 11.43 12.89 -12.46%
EY 9.48 8.43 8.73 9.23 8.81 8.75 7.76 14.23%
DY 3.55 3.11 4.46 0.00 3.80 2.14 0.00 -
P/NAPS 1.84 1.71 1.79 1.85 1.74 1.97 2.28 -13.28%

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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