[MAEMODE] QoQ Annualized Quarter Result on 31-Aug-2005 [#1]

Announcement Date
27-Oct-2005
Admission Sponsor
-
Sponsor
-
Financial Year
31-May-2006
Quarter
31-Aug-2005 [#1]
Profit Trend
QoQ- -5.86%
YoY- 17.36%
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Annualized Quarter Result
31/05/06 28/02/06 30/11/05 31/08/05 31/05/05 28/02/05 30/11/04 CAGR
Revenue 286,779 230,353 210,848 188,620 186,037 164,338 148,244 55.31%
PBT 18,640 13,748 13,202 11,644 12,597 11,622 9,464 57.19%
Tax -6,540 -3,709 -3,514 -2,948 -3,636 -2,980 -2,304 100.60%
NP 12,100 10,038 9,688 8,696 8,961 8,642 7,160 41.92%
-
NP to SH 11,895 10,534 9,652 8,436 8,961 8,642 7,160 40.31%
-
Tax Rate 35.09% 26.98% 26.62% 25.32% 28.86% 25.64% 24.34% -
Total Cost 274,679 220,314 201,160 179,924 177,076 155,696 141,084 55.98%
-
Net Worth 151,240 148,321 144,684 141,549 104,819 91,331 102,647 29.51%
Dividend
31/05/06 28/02/06 30/11/05 31/08/05 31/05/05 28/02/05 30/11/04 CAGR
Div 1,426 - - - 356 - - -
Div Payout % 11.99% - - - 3.98% - - -
Equity
31/05/06 28/02/06 30/11/05 31/08/05 31/05/05 28/02/05 30/11/04 CAGR
Net Worth 151,240 148,321 144,684 141,549 104,819 91,331 102,647 29.51%
NOSH 95,119 95,078 95,187 94,999 71,305 63,424 63,362 31.13%
Ratio Analysis
31/05/06 28/02/06 30/11/05 31/08/05 31/05/05 28/02/05 30/11/04 CAGR
NP Margin 4.22% 4.36% 4.59% 4.61% 4.82% 5.26% 4.83% -
ROE 7.86% 7.10% 6.67% 5.96% 8.55% 9.46% 6.98% -
Per Share
31/05/06 28/02/06 30/11/05 31/08/05 31/05/05 28/02/05 30/11/04 CAGR
RPS 301.49 242.28 221.51 198.55 260.90 259.11 233.96 18.43%
EPS 12.33 10.95 10.14 8.88 9.42 13.63 11.30 5.99%
DPS 1.50 0.00 0.00 0.00 0.50 0.00 0.00 -
NAPS 1.59 1.56 1.52 1.49 1.47 1.44 1.62 -1.23%
Adjusted Per Share Value based on latest NOSH - 94,999
31/05/06 28/02/06 30/11/05 31/08/05 31/05/05 28/02/05 30/11/04 CAGR
RPS 268.00 215.27 197.04 176.27 173.86 153.58 138.54 55.31%
EPS 11.12 9.84 9.02 7.88 8.37 8.08 6.69 40.36%
DPS 1.33 0.00 0.00 0.00 0.33 0.00 0.00 -
NAPS 1.4134 1.3861 1.3521 1.3228 0.9796 0.8535 0.9593 29.51%
Price Multiplier on Financial Quarter End Date
31/05/06 28/02/06 30/11/05 31/08/05 31/05/05 28/02/05 30/11/04 CAGR
Date 31/05/06 28/02/06 30/11/05 30/08/05 31/05/05 28/02/05 30/11/04 -
Price 0.93 0.81 0.78 0.85 0.73 0.94 1.05 -
P/RPS 0.31 0.33 0.35 0.43 0.28 0.36 0.45 -22.01%
P/EPS 7.44 7.31 7.69 9.57 5.81 6.90 9.29 -13.77%
EY 13.45 13.68 13.00 10.45 17.22 14.50 10.76 16.05%
DY 1.61 0.00 0.00 0.00 0.68 0.00 0.00 -
P/NAPS 0.58 0.52 0.51 0.57 0.50 0.65 0.65 -7.32%
Price Multiplier on Announcement Date
31/05/06 28/02/06 30/11/05 31/08/05 31/05/05 28/02/05 30/11/04 CAGR
Date 28/07/06 18/04/06 18/01/06 27/10/05 29/07/05 29/04/05 27/01/05 -
Price 1.03 1.07 0.79 0.84 0.81 0.75 0.90 -
P/RPS 0.34 0.44 0.36 0.42 0.31 0.29 0.38 -7.15%
P/EPS 8.24 9.66 7.79 9.46 6.45 5.50 7.96 2.33%
EY 12.14 10.36 12.84 10.57 15.51 18.17 12.56 -2.24%
DY 1.46 0.00 0.00 0.00 0.62 0.00 0.00 -
P/NAPS 0.65 0.69 0.52 0.56 0.55 0.52 0.56 10.45%

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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