[XL] QoQ Annualized Quarter Result on 31-Jul-2003 [#2]

Announcement Date
26-Sep-2003
Admission Sponsor
-
Sponsor
-
Financial Year
31-Jan-2004
Quarter
31-Jul-2003 [#2]
Profit Trend
QoQ- 1.41%
YoY- 1.06%
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Annualized Quarter Result
30/04/04 31/01/04 31/10/03 31/07/03 30/04/03 31/01/03 31/10/02 CAGR
Revenue 44,552 47,342 47,136 44,502 41,664 49,514 47,768 -4.54%
PBT 22,892 22,268 22,881 21,980 20,876 21,465 21,772 3.40%
Tax -4,584 -5,654 -6,912 -6,566 -5,676 -7,378 -7,814 -29.94%
NP 18,308 16,614 15,969 15,414 15,200 14,087 13,957 19.84%
-
NP to SH 18,308 16,614 15,969 15,414 15,200 14,087 13,957 19.84%
-
Tax Rate 20.02% 25.39% 30.21% 29.87% 27.19% 34.37% 35.89% -
Total Cost 26,244 30,728 31,166 29,088 26,464 35,427 33,810 -15.55%
-
Net Worth 116,057 92,400 82,813 102,373 132,630 95,586 92,222 16.57%
Dividend
30/04/04 31/01/04 31/10/03 31/07/03 30/04/03 31/01/03 31/10/02 CAGR
Div - 1,811 - - - 1,448 - -
Div Payout % - 10.91% - - - 10.28% - -
Equity
30/04/04 31/01/04 31/10/03 31/07/03 30/04/03 31/01/03 31/10/02 CAGR
Net Worth 116,057 92,400 82,813 102,373 132,630 95,586 92,222 16.57%
NOSH 72,535 60,392 56,335 48,289 66,315 48,276 48,284 31.20%
Ratio Analysis
30/04/04 31/01/04 31/10/03 31/07/03 30/04/03 31/01/03 31/10/02 CAGR
NP Margin 41.09% 35.09% 33.88% 34.64% 36.48% 28.45% 29.22% -
ROE 15.78% 17.98% 19.28% 15.06% 11.46% 14.74% 15.13% -
Per Share
30/04/04 31/01/04 31/10/03 31/07/03 30/04/03 31/01/03 31/10/02 CAGR
RPS 61.42 78.39 83.67 92.16 62.83 102.56 98.93 -27.24%
EPS 25.24 27.51 28.35 31.92 20.96 29.18 28.91 -8.66%
DPS 0.00 3.00 0.00 0.00 0.00 3.00 0.00 -
NAPS 1.60 1.53 1.47 2.12 2.00 1.98 1.91 -11.14%
Adjusted Per Share Value based on latest NOSH - 48,281
30/04/04 31/01/04 31/10/03 31/07/03 30/04/03 31/01/03 31/10/02 CAGR
RPS 14.49 15.39 15.33 14.47 13.55 16.10 15.53 -4.51%
EPS 5.95 5.40 5.19 5.01 4.94 4.58 4.54 19.77%
DPS 0.00 0.59 0.00 0.00 0.00 0.47 0.00 -
NAPS 0.3773 0.3004 0.2693 0.3329 0.4312 0.3108 0.2999 16.55%
Price Multiplier on Financial Quarter End Date
30/04/04 31/01/04 31/10/03 31/07/03 30/04/03 31/01/03 31/10/02 CAGR
Date 30/04/04 30/01/04 31/10/03 31/07/03 30/04/03 30/01/03 31/10/02 -
Price 2.58 2.41 2.08 3.28 2.58 2.66 2.94 -
P/RPS 4.20 3.07 2.49 3.56 4.11 2.59 2.97 26.01%
P/EPS 10.22 8.76 7.34 10.28 11.26 9.12 10.17 0.32%
EY 9.78 11.41 13.63 9.73 8.88 10.97 9.83 -0.33%
DY 0.00 1.24 0.00 0.00 0.00 1.13 0.00 -
P/NAPS 1.61 1.58 1.41 1.55 1.29 1.34 1.54 3.01%
Price Multiplier on Announcement Date
30/04/04 31/01/04 31/10/03 31/07/03 30/04/03 31/01/03 31/10/02 CAGR
Date 22/06/04 30/03/04 26/12/03 26/09/03 25/06/03 31/03/03 30/12/02 -
Price 2.50 2.63 2.20 1.86 2.77 2.50 2.85 -
P/RPS 4.07 3.36 2.63 2.02 4.41 2.44 2.88 25.95%
P/EPS 9.90 9.56 7.76 5.83 12.09 8.57 9.86 0.27%
EY 10.10 10.46 12.88 17.16 8.27 11.67 10.14 -0.26%
DY 0.00 1.14 0.00 0.00 0.00 1.20 0.00 -
P/NAPS 1.56 1.72 1.50 0.88 1.39 1.26 1.49 3.11%

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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