[HSL] QoQ Annualized Quarter Result on 31-Mar-2007 [#1]

Announcement Date
17-May-2007
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2007
Quarter
31-Mar-2007 [#1]
Profit Trend
QoQ- -3.49%
YoY- 10.2%
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Annualized Quarter Result
31/12/07 30/09/07 30/06/07 31/03/07 31/12/06 30/09/06 30/06/06 CAGR
Revenue 248,168 246,429 244,838 238,564 260,555 260,712 259,646 -2.96%
PBT 53,173 51,317 49,004 44,128 48,173 46,386 43,960 13.48%
Tax -14,233 -13,746 -13,104 -11,816 -14,692 -14,868 -12,696 7.89%
NP 38,940 37,570 35,900 32,312 33,481 31,518 31,264 15.71%
-
NP to SH 38,940 37,570 35,900 32,312 33,481 31,518 31,264 15.71%
-
Tax Rate 26.77% 26.79% 26.74% 26.78% 30.50% 32.05% 28.88% -
Total Cost 209,228 208,858 208,938 206,252 227,074 229,193 228,382 -5.65%
-
Net Worth 217,727 213,484 204,168 200,289 195,326 192,264 184,430 11.66%
Dividend
31/12/07 30/09/07 30/06/07 31/03/07 31/12/06 30/09/06 30/06/06 CAGR
Div 17,816 11,880 17,827 - 15,819 21,092 15,824 8.20%
Div Payout % 45.75% 31.62% 49.66% - 47.25% 66.92% 50.61% -
Equity
31/12/07 30/09/07 30/06/07 31/03/07 31/12/06 30/09/06 30/06/06 CAGR
Net Worth 217,727 213,484 204,168 200,289 195,326 192,264 184,430 11.66%
NOSH 111,352 111,375 111,421 111,420 112,996 112,997 113,029 -0.98%
Ratio Analysis
31/12/07 30/09/07 30/06/07 31/03/07 31/12/06 30/09/06 30/06/06 CAGR
NP Margin 15.69% 15.25% 14.66% 13.54% 12.85% 12.09% 12.04% -
ROE 17.88% 17.60% 17.58% 16.13% 17.14% 16.39% 16.95% -
Per Share
31/12/07 30/09/07 30/06/07 31/03/07 31/12/06 30/09/06 30/06/06 CAGR
RPS 222.87 221.26 219.74 214.11 230.59 230.72 229.71 -1.98%
EPS 34.97 33.73 32.22 29.00 29.63 27.89 27.66 16.87%
DPS 16.00 10.67 16.00 0.00 14.00 18.67 14.00 9.28%
NAPS 1.9553 1.9168 1.8324 1.7976 1.7286 1.7015 1.6317 12.78%
Adjusted Per Share Value based on latest NOSH - 111,420
31/12/07 30/09/07 30/06/07 31/03/07 31/12/06 30/09/06 30/06/06 CAGR
RPS 42.59 42.29 42.02 40.94 44.72 44.74 44.56 -2.96%
EPS 6.68 6.45 6.16 5.55 5.75 5.41 5.37 15.61%
DPS 3.06 2.04 3.06 0.00 2.71 3.62 2.72 8.14%
NAPS 0.3737 0.3664 0.3504 0.3437 0.3352 0.33 0.3165 11.67%
Price Multiplier on Financial Quarter End Date
31/12/07 30/09/07 30/06/07 31/03/07 31/12/06 30/09/06 30/06/06 CAGR
Date 31/12/07 28/09/07 29/06/07 30/03/07 29/12/06 29/09/06 30/06/06 -
Price 1.04 0.97 0.95 0.65 0.57 0.57 0.59 -
P/RPS 0.47 0.44 0.43 0.30 0.25 0.25 0.26 48.23%
P/EPS 2.97 2.88 2.95 2.24 1.92 2.04 2.13 24.73%
EY 33.63 34.78 33.92 44.62 51.98 48.94 46.88 -19.81%
DY 15.38 11.00 16.84 0.00 24.56 32.75 23.73 -25.04%
P/NAPS 0.53 0.51 0.52 0.36 0.33 0.33 0.36 29.32%
Price Multiplier on Announcement Date
31/12/07 30/09/07 30/06/07 31/03/07 31/12/06 30/09/06 30/06/06 CAGR
Date 28/02/08 15/11/07 16/08/07 17/05/07 26/02/07 16/11/06 17/08/06 -
Price 0.93 1.08 0.75 0.79 0.65 0.56 0.59 -
P/RPS 0.42 0.49 0.34 0.37 0.28 0.24 0.26 37.55%
P/EPS 2.66 3.20 2.33 2.72 2.19 2.01 2.13 15.92%
EY 37.60 31.23 42.96 36.71 45.58 49.81 46.88 -13.64%
DY 17.20 9.88 21.33 0.00 21.54 33.33 23.73 -19.26%
P/NAPS 0.48 0.56 0.41 0.44 0.38 0.33 0.36 21.07%

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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