[EMIVEST] QoQ Annualized Quarter Result on 30-Sep-2003 [#3]

Announcement Date
28-Nov-2003
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2003
Quarter
30-Sep-2003 [#3]
Profit Trend
QoQ- 2.66%
YoY- -0.91%
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Annualized Quarter Result
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
Revenue 288,782 285,720 244,279 227,440 218,122 211,696 248,490 10.54%
PBT 7,508 8,216 12,975 12,516 12,344 10,768 12,576 -29.12%
Tax -3,462 -3,860 -4,203 -3,502 -3,564 -3,004 -3,620 -2.93%
NP 4,046 4,356 8,772 9,013 8,780 7,764 8,956 -41.15%
-
NP to SH 4,046 4,356 8,772 9,013 8,780 7,764 8,956 -41.15%
-
Tax Rate 46.11% 46.98% 32.39% 27.98% 28.87% 27.90% 28.78% -
Total Cost 284,736 281,364 235,507 218,426 209,342 203,932 239,534 12.22%
-
Net Worth 72,635 71,802 35,392 39,994 40,007 67,258 65,607 7.02%
Dividend
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
Div - - 2,699 2,666 - - 4,000 -
Div Payout % - - 30.77% 29.58% - - 44.67% -
Equity
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
Net Worth 72,635 71,802 35,392 39,994 40,007 67,258 65,607 7.02%
NOSH 60,029 59,835 59,987 39,994 40,007 40,020 40,004 31.10%
Ratio Analysis
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
NP Margin 1.40% 1.52% 3.59% 3.96% 4.03% 3.67% 3.60% -
ROE 5.57% 6.07% 24.78% 22.54% 21.95% 11.54% 13.65% -
Per Share
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
RPS 481.07 477.51 407.22 568.68 545.20 528.97 621.16 -15.67%
EPS 6.74 7.28 7.31 15.03 14.64 19.40 14.93 -41.18%
DPS 0.00 0.00 4.50 6.67 0.00 0.00 10.00 -
NAPS 1.21 1.20 0.59 1.00 1.00 1.6806 1.64 -18.36%
Adjusted Per Share Value based on latest NOSH - 39,966
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
RPS 240.59 238.04 203.51 189.48 181.72 176.37 207.02 10.54%
EPS 3.37 3.63 7.31 7.51 7.31 6.47 7.46 -41.15%
DPS 0.00 0.00 2.25 2.22 0.00 0.00 3.33 -
NAPS 0.6051 0.5982 0.2949 0.3332 0.3333 0.5603 0.5466 7.02%
Price Multiplier on Financial Quarter End Date
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
Date 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 -
Price 1.05 1.22 1.29 1.63 1.93 1.20 1.32 -
P/RPS 0.22 0.26 0.32 0.29 0.35 0.23 0.21 3.15%
P/EPS 15.58 16.76 8.82 7.23 8.79 6.19 5.90 91.16%
EY 6.42 5.97 11.34 13.83 11.37 16.17 16.96 -47.70%
DY 0.00 0.00 3.49 4.09 0.00 0.00 7.58 -
P/NAPS 0.87 1.02 2.19 1.63 1.93 0.71 0.80 5.75%
Price Multiplier on Announcement Date
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
Date 27/08/04 27/05/04 27/02/04 28/11/03 25/08/03 30/05/03 09/04/03 -
Price 0.93 1.15 1.31 1.37 3.60 1.26 1.25 -
P/RPS 0.19 0.24 0.32 0.24 0.66 0.24 0.20 -3.36%
P/EPS 13.80 15.80 8.96 6.08 16.40 6.49 5.58 82.97%
EY 7.25 6.33 11.16 16.45 6.10 15.40 17.91 -45.30%
DY 0.00 0.00 3.44 4.87 0.00 0.00 8.00 -
P/NAPS 0.77 0.96 2.22 1.37 3.60 0.75 0.76 0.87%

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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