[XL] QoQ Annualized Quarter Result on 31-Oct-2003 [#3]

Announcement Date
26-Dec-2003
Admission Sponsor
-
Sponsor
-
Financial Year
31-Jan-2004
Quarter
31-Oct-2003 [#3]
Profit Trend
QoQ- 3.6%
YoY- 14.42%
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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 48,078 44,552 47,342 47,136 44,502 41,664 49,514 -1.94%
PBT 26,564 22,892 22,268 22,881 21,980 20,876 21,465 15.28%
Tax -6,942 -4,584 -5,654 -6,912 -6,566 -5,676 -7,378 -3.98%
NP 19,622 18,308 16,614 15,969 15,414 15,200 14,087 24.74%
-
NP to SH 19,622 18,308 16,614 15,969 15,414 15,200 14,087 24.74%
-
Tax Rate 26.13% 20.02% 25.39% 30.21% 29.87% 27.19% 34.37% -
Total Cost 28,456 26,244 30,728 31,166 29,088 26,464 35,427 -13.60%
-
Net Worth 119,009 116,057 92,400 82,813 102,373 132,630 95,586 15.74%
Dividend
31/07/04 30/04/04 31/01/04 31/10/03 31/07/03 30/04/03 31/01/03 CAGR
Div - - 1,811 - - - 1,448 -
Div Payout % - - 10.91% - - - 10.28% -
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 119,009 116,057 92,400 82,813 102,373 132,630 95,586 15.74%
NOSH 72,566 72,535 60,392 56,335 48,289 66,315 48,276 31.25%
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 40.81% 41.09% 35.09% 33.88% 34.64% 36.48% 28.45% -
ROE 16.49% 15.78% 17.98% 19.28% 15.06% 11.46% 14.74% -
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 66.25 61.42 78.39 83.67 92.16 62.83 102.56 -25.29%
EPS 27.04 25.24 27.51 28.35 31.92 20.96 29.18 -4.95%
DPS 0.00 0.00 3.00 0.00 0.00 0.00 3.00 -
NAPS 1.64 1.60 1.53 1.47 2.12 2.00 1.98 -11.81%
Adjusted Per Share Value based on latest NOSH - 72,372
31/07/04 30/04/04 31/01/04 31/10/03 31/07/03 30/04/03 31/01/03 CAGR
RPS 15.63 14.49 15.39 15.33 14.47 13.55 16.10 -1.95%
EPS 6.38 5.95 5.40 5.19 5.01 4.94 4.58 24.75%
DPS 0.00 0.00 0.59 0.00 0.00 0.00 0.47 -
NAPS 0.3869 0.3773 0.3004 0.2693 0.3329 0.4312 0.3108 15.73%
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 30/01/03 -
Price 2.53 2.58 2.41 2.08 3.28 2.58 2.66 -
P/RPS 3.82 4.20 3.07 2.49 3.56 4.11 2.59 29.60%
P/EPS 9.36 10.22 8.76 7.34 10.28 11.26 9.12 1.74%
EY 10.69 9.78 11.41 13.63 9.73 8.88 10.97 -1.71%
DY 0.00 0.00 1.24 0.00 0.00 0.00 1.13 -
P/NAPS 1.54 1.61 1.58 1.41 1.55 1.29 1.34 9.72%
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 29/09/04 22/06/04 30/03/04 26/12/03 26/09/03 25/06/03 31/03/03 -
Price 2.55 2.50 2.63 2.20 1.86 2.77 2.50 -
P/RPS 3.85 4.07 3.36 2.63 2.02 4.41 2.44 35.57%
P/EPS 9.43 9.90 9.56 7.76 5.83 12.09 8.57 6.58%
EY 10.60 10.10 10.46 12.88 17.16 8.27 11.67 -6.21%
DY 0.00 0.00 1.14 0.00 0.00 0.00 1.20 -
P/NAPS 1.55 1.56 1.72 1.50 0.88 1.39 1.26 14.82%

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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