[EMIVEST] QoQ Annualized Quarter Result on 31-Dec-2004 [#4]

Announcement Date
24-Feb-2005
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2004
Quarter
31-Dec-2004 [#4]
Profit Trend
QoQ- 18.23%
YoY- -47.18%
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Annualized Quarter Result
30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 CAGR
Revenue 318,249 313,946 331,748 300,655 291,349 288,782 285,720 7.44%
PBT 14,404 15,406 8,376 6,697 6,453 7,508 8,216 45.34%
Tax -3,581 -2,688 -2,316 -2,064 -2,534 -3,462 -3,860 -4.87%
NP 10,822 12,718 6,060 4,633 3,918 4,046 4,356 83.33%
-
NP to SH 10,152 11,942 6,060 4,633 3,918 4,046 4,356 75.69%
-
Tax Rate 24.86% 17.45% 27.65% 30.82% 39.27% 46.11% 46.98% -
Total Cost 307,426 301,228 325,688 296,022 287,430 284,736 281,364 6.07%
-
Net Worth 80,336 79,133 75,749 86,381 71,975 72,635 71,802 7.76%
Dividend
30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 CAGR
Div - - - 1,799 - - - -
Div Payout % - - - 38.84% - - - -
Equity
30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 CAGR
Net Worth 80,336 79,133 75,749 86,381 71,975 72,635 71,802 7.76%
NOSH 119,905 119,899 120,238 119,974 59,979 60,029 59,835 58.88%
Ratio Analysis
30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 CAGR
NP Margin 3.40% 4.05% 1.83% 1.54% 1.35% 1.40% 1.52% -
ROE 12.64% 15.09% 8.00% 5.36% 5.44% 5.57% 6.07% -
Per Share
30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 CAGR
RPS 265.42 261.84 275.91 250.60 485.75 481.07 477.51 -32.37%
EPS 8.47 9.96 5.04 3.86 6.53 6.74 7.28 10.61%
DPS 0.00 0.00 0.00 1.50 0.00 0.00 0.00 -
NAPS 0.67 0.66 0.63 0.72 1.20 1.21 1.20 -32.17%
Adjusted Per Share Value based on latest NOSH - 120,068
30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 CAGR
RPS 265.14 261.55 276.38 250.48 242.73 240.59 238.04 7.44%
EPS 8.46 9.95 5.05 3.86 3.26 3.37 3.63 75.69%
DPS 0.00 0.00 0.00 1.50 0.00 0.00 0.00 -
NAPS 0.6693 0.6593 0.6311 0.7197 0.5996 0.6051 0.5982 7.76%
Price Multiplier on Financial Quarter End Date
30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 CAGR
Date 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 -
Price 0.50 0.41 0.45 0.51 1.01 1.05 1.22 -
P/RPS 0.19 0.16 0.16 0.20 0.21 0.22 0.26 -18.85%
P/EPS 5.91 4.12 8.93 13.21 15.46 15.58 16.76 -50.05%
EY 16.93 24.29 11.20 7.57 6.47 6.42 5.97 100.22%
DY 0.00 0.00 0.00 2.94 0.00 0.00 0.00 -
P/NAPS 0.75 0.62 0.71 0.71 0.84 0.87 1.02 -18.51%
Price Multiplier on Announcement Date
30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 CAGR
Date 29/11/05 29/08/05 27/05/05 24/02/05 29/11/04 27/08/04 27/05/04 -
Price 0.41 0.46 0.40 0.49 0.55 0.93 1.15 -
P/RPS 0.15 0.18 0.14 0.20 0.11 0.19 0.24 -26.87%
P/EPS 4.84 4.62 7.94 12.69 8.42 13.80 15.80 -54.52%
EY 20.65 21.65 12.60 7.88 11.88 7.25 6.33 119.80%
DY 0.00 0.00 0.00 3.06 0.00 0.00 0.00 -
P/NAPS 0.61 0.70 0.63 0.68 0.46 0.77 0.96 -26.06%

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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