[HLCAP] QoQ Annualized Quarter Result on 30-Sep-2003 [#1]

Announcement Date
20-Nov-2003
Admission Sponsor
-
Sponsor
-
Financial Year
30-Jun-2004
Quarter
30-Sep-2003 [#1]
Profit Trend
QoQ- 220.59%
YoY- 328.92%
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Annualized Quarter Result
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
Revenue 88,352 86,640 86,060 91,204 45,112 45,782 50,198 45.82%
PBT 30,692 29,446 36,504 45,472 -29,708 -36,505 -45,042 -
Tax -1,143 -5,272 -9,008 -9,440 -172 -1,204 -1,608 -20.36%
NP 29,549 24,174 27,496 36,032 -29,880 -37,709 -46,650 -
-
NP to SH 29,549 24,174 27,496 36,032 -29,880 -37,709 -46,650 -
-
Tax Rate 3.72% 17.90% 24.68% 20.76% - - - -
Total Cost 58,803 62,465 58,564 55,172 74,992 83,491 96,848 -28.31%
-
Net Worth 93,806 82,694 72,812 69,102 59,266 61,724 65,443 27.15%
Dividend
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
Div - - - - - - - -
Div Payout % - - - - - - - -
Equity
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
Net Worth 93,806 82,694 72,812 69,102 59,266 61,724 65,443 27.15%
NOSH 123,429 123,424 123,411 123,397 123,471 123,448 123,478 -0.02%
Ratio Analysis
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
NP Margin 33.44% 27.90% 31.95% 39.51% -66.24% -82.37% -92.93% -
ROE 31.50% 29.23% 37.76% 52.14% -50.42% -61.09% -71.28% -
Per Share
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
RPS 71.58 70.20 69.73 73.91 36.54 37.09 40.65 45.87%
EPS 23.94 19.59 22.28 29.20 -24.20 -30.55 -37.78 -
DPS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
NAPS 0.76 0.67 0.59 0.56 0.48 0.50 0.53 27.19%
Adjusted Per Share Value based on latest NOSH - 123,397
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
RPS 37.47 36.74 36.49 38.67 19.13 19.41 21.29 45.82%
EPS 12.53 10.25 11.66 15.28 -12.67 -15.99 -19.78 -
DPS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
NAPS 0.3978 0.3507 0.3088 0.293 0.2513 0.2617 0.2775 27.16%
Price Multiplier on Financial Quarter End Date
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
Date 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 -
Price 1.08 1.23 1.10 1.08 0.93 0.95 0.98 -
P/RPS 1.51 1.75 1.58 1.46 2.55 2.56 2.41 -26.79%
P/EPS 4.51 6.28 4.94 3.70 -3.84 -3.11 -2.59 -
EY 22.17 15.92 20.25 27.04 -26.02 -32.15 -38.55 -
DY 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
P/NAPS 1.42 1.84 1.86 1.93 1.94 1.90 1.85 -16.18%
Price Multiplier on Announcement Date
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
Date 25/08/04 26/05/04 16/02/04 20/11/03 26/08/03 07/05/03 20/02/03 -
Price 0.95 1.20 1.07 1.10 1.14 0.75 1.00 -
P/RPS 1.33 1.71 1.53 1.49 3.12 2.02 2.46 -33.65%
P/EPS 3.97 6.13 4.80 3.77 -4.71 -2.46 -2.65 -
EY 25.20 16.32 20.82 26.55 -21.23 -40.73 -37.78 -
DY 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
P/NAPS 1.25 1.79 1.81 1.96 2.38 1.50 1.89 -24.10%

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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