[SPRITZER] QoQ Annualized Quarter Result on 30-Nov-2003 [#2]

Announcement Date
29-Jan-2004
Admission Sponsor
-
Sponsor
-
Financial Year
31-May-2004
Quarter
30-Nov-2003 [#2]
Profit Trend
QoQ- -27.12%
YoY- -17.99%
Quarter Report
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Annualized Quarter Result
31/08/04 31/05/04 29/02/04 30/11/03 31/08/03 31/05/03 28/02/03 CAGR
Revenue 64,584 65,745 63,504 61,408 66,128 54,685 53,448 13.38%
PBT 4,288 5,142 5,085 5,668 7,776 6,218 6,480 -23.96%
Tax -1,244 -1,280 -1,084 -1,336 -1,832 -1,732 -2,340 -34.24%
NP 3,044 3,862 4,001 4,332 5,944 4,486 4,140 -18.46%
-
NP to SH 3,044 3,862 4,001 4,332 5,944 4,486 4,140 -18.46%
-
Tax Rate 29.01% 24.89% 21.32% 23.57% 23.56% 27.85% 36.11% -
Total Cost 61,540 61,883 59,502 57,076 60,184 50,199 49,308 15.84%
-
Net Worth 102,572 101,632 104,216 104,541 103,941 98,967 101,647 0.60%
Dividend
31/08/04 31/05/04 29/02/04 30/11/03 31/08/03 31/05/03 28/02/03 CAGR
Div - 1,470 1,634 - - 1,959 1,632 -
Div Payout % - 38.07% 40.85% - - 43.69% 39.43% -
Equity
31/08/04 31/05/04 29/02/04 30/11/03 31/08/03 31/05/03 28/02/03 CAGR
Net Worth 102,572 101,632 104,216 104,541 103,941 98,967 101,647 0.60%
NOSH 49,096 49,010 49,035 49,004 49,042 48,998 48,974 0.16%
Ratio Analysis
31/08/04 31/05/04 29/02/04 30/11/03 31/08/03 31/05/03 28/02/03 CAGR
NP Margin 4.71% 5.87% 6.30% 7.05% 8.99% 8.20% 7.75% -
ROE 2.97% 3.80% 3.84% 4.14% 5.72% 4.53% 4.07% -
Per Share
31/08/04 31/05/04 29/02/04 30/11/03 31/08/03 31/05/03 28/02/03 CAGR
RPS 131.54 134.15 129.51 125.31 134.84 111.61 109.13 13.19%
EPS 6.20 7.88 8.16 8.84 12.12 9.16 8.45 -18.57%
DPS 0.00 3.00 3.33 0.00 0.00 4.00 3.33 -
NAPS 2.0892 2.0737 2.1253 2.1333 2.1194 2.0198 2.0755 0.43%
Adjusted Per Share Value based on latest NOSH - 48,920
31/08/04 31/05/04 29/02/04 30/11/03 31/08/03 31/05/03 28/02/03 CAGR
RPS 20.26 20.62 19.92 19.26 20.74 17.15 16.76 13.41%
EPS 0.95 1.21 1.26 1.36 1.86 1.41 1.30 -18.79%
DPS 0.00 0.46 0.51 0.00 0.00 0.61 0.51 -
NAPS 0.3217 0.3188 0.3269 0.3279 0.326 0.3104 0.3188 0.60%
Price Multiplier on Financial Quarter End Date
31/08/04 31/05/04 29/02/04 30/11/03 31/08/03 31/05/03 28/02/03 CAGR
Date 30/08/04 31/05/04 27/02/04 28/11/03 29/08/03 30/05/03 28/02/03 -
Price 0.61 0.61 0.69 0.59 0.59 0.56 0.53 -
P/RPS 0.46 0.45 0.53 0.47 0.44 0.50 0.49 -4.10%
P/EPS 9.84 7.74 8.46 6.67 4.87 6.12 6.27 34.86%
EY 10.16 12.92 11.83 14.98 20.54 16.35 15.95 -25.86%
DY 0.00 4.92 4.83 0.00 0.00 7.14 6.29 -
P/NAPS 0.29 0.29 0.32 0.28 0.28 0.28 0.26 7.51%
Price Multiplier on Announcement Date
31/08/04 31/05/04 29/02/04 30/11/03 31/08/03 31/05/03 28/02/03 CAGR
Date 05/10/04 29/07/04 29/04/04 29/01/04 23/09/03 31/07/03 24/04/03 -
Price 0.60 0.64 0.66 0.63 0.59 0.64 0.55 -
P/RPS 0.46 0.48 0.51 0.50 0.44 0.57 0.50 -5.38%
P/EPS 9.68 8.12 8.09 7.13 4.87 6.99 6.51 30.11%
EY 10.33 12.31 12.36 14.03 20.54 14.31 15.37 -23.18%
DY 0.00 4.69 5.05 0.00 0.00 6.25 6.06 -
P/NAPS 0.29 0.31 0.31 0.30 0.28 0.32 0.26 7.51%

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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