[VS] QoQ Annualized Quarter Result on 31-Oct-2003 [#1]

Announcement Date
29-Dec-2003
Admission Sponsor
-
Sponsor
-
Financial Year
31-Jul-2004
Quarter
31-Oct-2003 [#1]
Profit Trend
QoQ- 25.69%
YoY- -49.28%
Quarter Report
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Annualized Quarter Result
31/07/04 30/04/04 31/01/04 31/10/03 31/07/03 30/04/03 31/01/03 CAGR
Revenue 920,274 1,003,810 1,007,530 1,107,528 985,441 988,649 993,908 -5.00%
PBT 12,822 6,881 16,286 20,348 15,047 19,294 13,620 -3.94%
Tax -5,895 -3,888 -6,112 -9,980 -6,798 -9,448 -9,370 -26.59%
NP 6,927 2,993 10,174 10,368 8,249 9,846 4,250 38.53%
-
NP to SH 6,927 2,993 10,174 10,368 8,249 9,846 4,250 38.53%
-
Tax Rate 45.98% 56.50% 37.53% 49.05% 45.18% 48.97% 68.80% -
Total Cost 913,347 1,000,817 997,356 1,097,160 977,192 978,802 989,658 -5.21%
-
Net Worth 224,956 218,990 223,331 221,775 222,833 208,161 202,176 7.38%
Dividend
31/07/04 30/04/04 31/01/04 31/10/03 31/07/03 30/04/03 31/01/03 CAGR
Div 4,115 - - - - - - -
Div Payout % 59.41% - - - - - - -
Equity
31/07/04 30/04/04 31/01/04 31/10/03 31/07/03 30/04/03 31/01/03 CAGR
Net Worth 224,956 218,990 223,331 221,775 222,833 208,161 202,176 7.38%
NOSH 137,168 137,730 137,859 138,609 138,406 86,374 86,032 36.51%
Ratio Analysis
31/07/04 30/04/04 31/01/04 31/10/03 31/07/03 30/04/03 31/01/03 CAGR
NP Margin 0.75% 0.30% 1.01% 0.94% 0.84% 1.00% 0.43% -
ROE 3.08% 1.37% 4.56% 4.68% 3.70% 4.73% 2.10% -
Per Share
31/07/04 30/04/04 31/01/04 31/10/03 31/07/03 30/04/03 31/01/03 CAGR
RPS 670.91 728.82 730.84 799.03 711.99 1,144.61 1,155.27 -30.41%
EPS 5.05 2.17 7.38 7.48 5.96 11.40 4.94 1.48%
DPS 3.00 0.00 0.00 0.00 0.00 0.00 0.00 -
NAPS 1.64 1.59 1.62 1.60 1.61 2.41 2.35 -21.33%
Adjusted Per Share Value based on latest NOSH - 138,609
31/07/04 30/04/04 31/01/04 31/10/03 31/07/03 30/04/03 31/01/03 CAGR
RPS 23.39 25.51 25.61 28.15 25.04 25.13 25.26 -5.00%
EPS 0.18 0.08 0.26 0.26 0.21 0.25 0.11 38.90%
DPS 0.10 0.00 0.00 0.00 0.00 0.00 0.00 -
NAPS 0.0572 0.0557 0.0568 0.0564 0.0566 0.0529 0.0514 7.39%
Price Multiplier on Financial Quarter End Date
31/07/04 30/04/04 31/01/04 31/10/03 31/07/03 30/04/03 31/01/03 CAGR
Date 30/07/04 30/04/04 30/01/04 31/10/03 31/07/03 30/04/03 31/01/03 -
Price 1.19 1.42 1.53 1.70 1.68 2.43 2.64 -
P/RPS 0.18 0.19 0.21 0.21 0.24 0.21 0.23 -15.08%
P/EPS 23.56 65.34 20.73 22.73 28.19 21.32 53.44 -42.10%
EY 4.24 1.53 4.82 4.40 3.55 4.69 1.87 72.67%
DY 2.52 0.00 0.00 0.00 0.00 0.00 0.00 -
P/NAPS 0.73 0.89 0.94 1.06 1.04 1.01 1.12 -24.84%
Price Multiplier on Announcement Date
31/07/04 30/04/04 31/01/04 31/10/03 31/07/03 30/04/03 31/01/03 CAGR
Date 30/09/04 30/06/04 30/03/04 29/12/03 30/09/03 30/05/03 31/03/03 -
Price 1.11 1.18 1.40 1.55 1.52 2.53 2.60 -
P/RPS 0.17 0.16 0.19 0.19 0.21 0.22 0.23 -18.26%
P/EPS 21.98 54.29 18.97 20.72 25.50 22.19 52.63 -44.15%
EY 4.55 1.84 5.27 4.83 3.92 4.51 1.90 79.08%
DY 2.70 0.00 0.00 0.00 0.00 0.00 0.00 -
P/NAPS 0.68 0.74 0.86 0.97 0.94 1.05 1.11 -27.89%

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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