[EMIVEST] QoQ Annualized Quarter Result on 31-Dec-2005 [#4]

Announcement Date
27-Feb-2006
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2005
Quarter
31-Dec-2005 [#4]
Profit Trend
QoQ- -4.22%
YoY- 109.89%
Quarter Report
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Annualized Quarter Result
30/09/06 30/06/06 31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 CAGR
Revenue 308,997 314,510 313,080 320,845 318,249 313,946 331,748 -4.62%
PBT 12,741 11,198 8,960 15,022 14,404 15,406 8,376 32.23%
Tax -3,792 -3,454 -2,300 -4,890 -3,581 -2,688 -2,316 38.87%
NP 8,949 7,744 6,660 10,132 10,822 12,718 6,060 29.64%
-
NP to SH 8,388 7,216 6,076 9,724 10,152 11,942 6,060 24.17%
-
Tax Rate 29.76% 30.84% 25.67% 32.55% 24.86% 17.45% 27.65% -
Total Cost 300,048 306,766 306,420 310,713 307,426 301,228 325,688 -5.31%
-
Net Worth 88,842 89,900 87,312 86,417 80,336 79,133 75,749 11.20%
Dividend
30/09/06 30/06/06 31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 CAGR
Div - - - 4,800 - - - -
Div Payout % - - - 49.37% - - - -
Equity
30/09/06 30/06/06 31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 CAGR
Net Worth 88,842 89,900 87,312 86,417 80,336 79,133 75,749 11.20%
NOSH 120,057 119,867 119,606 120,024 119,905 119,899 120,238 -0.10%
Ratio Analysis
30/09/06 30/06/06 31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 CAGR
NP Margin 2.90% 2.46% 2.13% 3.16% 3.40% 4.05% 1.83% -
ROE 9.44% 8.03% 6.96% 11.25% 12.64% 15.09% 8.00% -
Per Share
30/09/06 30/06/06 31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 CAGR
RPS 257.37 262.38 261.76 267.32 265.42 261.84 275.91 -4.52%
EPS 6.99 6.02 5.08 8.10 8.47 9.96 5.04 24.34%
DPS 0.00 0.00 0.00 4.00 0.00 0.00 0.00 -
NAPS 0.74 0.75 0.73 0.72 0.67 0.66 0.63 11.31%
Adjusted Per Share Value based on latest NOSH - 119,728
30/09/06 30/06/06 31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 CAGR
RPS 257.43 262.02 260.83 267.30 265.14 261.55 276.38 -4.62%
EPS 6.99 6.01 5.06 8.10 8.46 9.95 5.05 24.17%
DPS 0.00 0.00 0.00 4.00 0.00 0.00 0.00 -
NAPS 0.7402 0.749 0.7274 0.72 0.6693 0.6593 0.6311 11.20%
Price Multiplier on Financial Quarter End Date
30/09/06 30/06/06 31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 CAGR
Date 29/09/06 30/06/06 31/03/06 30/12/05 30/09/05 30/06/05 31/03/05 -
Price 0.56 0.71 0.61 0.54 0.50 0.41 0.45 -
P/RPS 0.22 0.27 0.23 0.20 0.19 0.16 0.16 23.62%
P/EPS 8.02 11.79 12.01 6.67 5.91 4.12 8.93 -6.90%
EY 12.48 8.48 8.33 15.00 16.93 24.29 11.20 7.47%
DY 0.00 0.00 0.00 7.41 0.00 0.00 0.00 -
P/NAPS 0.76 0.95 0.84 0.75 0.75 0.62 0.71 4.63%
Price Multiplier on Announcement Date
30/09/06 30/06/06 31/03/06 31/12/05 30/09/05 30/06/05 31/03/05 CAGR
Date 27/11/06 28/08/06 12/06/06 27/02/06 29/11/05 29/08/05 27/05/05 -
Price 0.61 0.57 0.60 0.77 0.41 0.46 0.40 -
P/RPS 0.24 0.22 0.23 0.29 0.15 0.18 0.14 43.19%
P/EPS 8.73 9.47 11.81 9.50 4.84 4.62 7.94 6.52%
EY 11.45 10.56 8.47 10.52 20.65 21.65 12.60 -6.17%
DY 0.00 0.00 0.00 5.19 0.00 0.00 0.00 -
P/NAPS 0.82 0.76 0.82 1.07 0.61 0.70 0.63 19.19%

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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