[SOP] QoQ Annualized Quarter Result on 31-Dec-2003 [#4]

Announcement Date
24-May-2004
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2003
Quarter
31-Dec-2003 [#4]
Profit Trend
QoQ- -10.65%
YoY- 203.05%
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Annualized Quarter Result
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
Revenue 152,473 147,916 134,092 104,931 98,168 78,074 70,596 66.85%
PBT 42,976 42,196 40,048 53,192 58,798 61,510 26,772 36.97%
Tax -13,641 -12,816 -13,072 -10,147 -10,625 -8,188 -7,632 47.12%
NP 29,334 29,380 26,976 43,045 48,173 53,322 19,140 32.82%
-
NP to SH 29,334 29,380 26,976 43,045 48,173 53,322 19,140 32.82%
-
Tax Rate 31.74% 30.37% 32.64% 19.08% 18.07% 13.31% 28.51% -
Total Cost 123,138 118,536 107,116 61,886 49,994 24,752 51,456 78.62%
-
Net Worth 214,597 211,756 203,269 196,695 202,305 194,709 173,741 15.07%
Dividend
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
Div 6,330 - - 4,751 - - - -
Div Payout % 21.58% - - 11.04% - - - -
Equity
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
Net Worth 214,597 211,756 203,269 196,695 202,305 194,709 173,741 15.07%
NOSH 94,954 94,957 94,985 95,022 94,978 94,980 94,940 0.00%
Ratio Analysis
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
NP Margin 19.24% 19.86% 20.12% 41.02% 49.07% 68.30% 27.11% -
ROE 13.67% 13.87% 13.27% 21.88% 23.81% 27.39% 11.02% -
Per Share
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
RPS 160.57 155.77 141.17 110.43 103.36 82.20 74.36 66.83%
EPS 30.89 30.94 28.40 45.30 50.72 56.14 20.16 32.80%
DPS 6.67 0.00 0.00 5.00 0.00 0.00 0.00 -
NAPS 2.26 2.23 2.14 2.07 2.13 2.05 1.83 15.06%
Adjusted Per Share Value based on latest NOSH - 98,785
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
RPS 17.09 16.58 15.03 11.76 11.00 8.75 7.91 66.89%
EPS 3.29 3.29 3.02 4.82 5.40 5.98 2.15 32.68%
DPS 0.71 0.00 0.00 0.53 0.00 0.00 0.00 -
NAPS 0.2405 0.2373 0.2278 0.2204 0.2267 0.2182 0.1947 15.07%
Price Multiplier on Financial Quarter End Date
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
Date 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 -
Price 2.22 2.31 2.79 2.03 1.92 1.95 1.90 -
P/RPS 1.38 1.48 1.98 1.84 1.86 2.37 2.56 -33.68%
P/EPS 7.19 7.47 9.82 4.48 3.79 3.47 9.42 -16.43%
EY 13.92 13.39 10.18 22.32 26.42 28.79 10.61 19.78%
DY 3.00 0.00 0.00 2.46 0.00 0.00 0.00 -
P/NAPS 0.98 1.04 1.30 0.98 0.90 0.95 1.04 -3.87%
Price Multiplier on Announcement Date
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
Date 24/12/04 26/07/04 24/05/04 24/05/04 27/11/03 27/08/03 28/05/03 -
Price 2.20 2.30 2.31 2.31 2.00 1.93 1.90 -
P/RPS 1.37 1.48 1.64 2.09 1.94 2.35 2.56 -34.00%
P/EPS 7.12 7.43 8.13 5.10 3.94 3.44 9.42 -16.98%
EY 14.04 13.45 12.29 19.61 25.36 29.09 10.61 20.47%
DY 3.03 0.00 0.00 2.16 0.00 0.00 0.00 -
P/NAPS 0.97 1.03 1.08 1.12 0.94 0.94 1.04 -4.52%

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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