[EMIVEST] QoQ Annualized Quarter Result on 31-Mar-2004 [#1]

Announcement Date
27-May-2004
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2004
Quarter
31-Mar-2004 [#1]
Profit Trend
QoQ- -50.34%
YoY- -43.89%
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Annualized Quarter Result
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
Revenue 300,655 291,349 288,782 285,720 244,279 227,440 218,122 23.73%
PBT 6,697 6,453 7,508 8,216 12,975 12,516 12,344 -33.35%
Tax -2,064 -2,534 -3,462 -3,860 -4,203 -3,502 -3,564 -30.40%
NP 4,633 3,918 4,046 4,356 8,772 9,013 8,780 -34.57%
-
NP to SH 4,633 3,918 4,046 4,356 8,772 9,013 8,780 -34.57%
-
Tax Rate 30.82% 39.27% 46.11% 46.98% 32.39% 27.98% 28.87% -
Total Cost 296,022 287,430 284,736 281,364 235,507 218,426 209,342 25.85%
-
Net Worth 86,381 71,975 72,635 71,802 35,392 39,994 40,007 66.66%
Dividend
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
Div 1,799 - - - 2,699 2,666 - -
Div Payout % 38.84% - - - 30.77% 29.58% - -
Equity
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
Net Worth 86,381 71,975 72,635 71,802 35,392 39,994 40,007 66.66%
NOSH 119,974 59,979 60,029 59,835 59,987 39,994 40,007 107.26%
Ratio Analysis
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
NP Margin 1.54% 1.35% 1.40% 1.52% 3.59% 3.96% 4.03% -
ROE 5.36% 5.44% 5.57% 6.07% 24.78% 22.54% 21.95% -
Per Share
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
RPS 250.60 485.75 481.07 477.51 407.22 568.68 545.20 -40.30%
EPS 3.86 6.53 6.74 7.28 7.31 15.03 14.64 -58.71%
DPS 1.50 0.00 0.00 0.00 4.50 6.67 0.00 -
NAPS 0.72 1.20 1.21 1.20 0.59 1.00 1.00 -19.58%
Adjusted Per Share Value based on latest NOSH - 59,835
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
RPS 250.48 242.73 240.59 238.04 203.51 189.48 181.72 23.73%
EPS 3.86 3.26 3.37 3.63 7.31 7.51 7.31 -34.54%
DPS 1.50 0.00 0.00 0.00 2.25 2.22 0.00 -
NAPS 0.7197 0.5996 0.6051 0.5982 0.2949 0.3332 0.3333 66.67%
Price Multiplier on Financial Quarter End Date
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
Date 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 -
Price 0.51 1.01 1.05 1.22 1.29 1.63 1.93 -
P/RPS 0.20 0.21 0.22 0.26 0.32 0.29 0.35 -31.02%
P/EPS 13.21 15.46 15.58 16.76 8.82 7.23 8.79 31.04%
EY 7.57 6.47 6.42 5.97 11.34 13.83 11.37 -23.65%
DY 2.94 0.00 0.00 0.00 3.49 4.09 0.00 -
P/NAPS 0.71 0.84 0.87 1.02 2.19 1.63 1.93 -48.50%
Price Multiplier on Announcement Date
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
Date 24/02/05 29/11/04 27/08/04 27/05/04 27/02/04 28/11/03 25/08/03 -
Price 0.49 0.55 0.93 1.15 1.31 1.37 3.60 -
P/RPS 0.20 0.11 0.19 0.24 0.32 0.24 0.66 -54.72%
P/EPS 12.69 8.42 13.80 15.80 8.96 6.08 16.40 -15.65%
EY 7.88 11.88 7.25 6.33 11.16 16.45 6.10 18.52%
DY 3.06 0.00 0.00 0.00 3.44 4.87 0.00 -
P/NAPS 0.68 0.46 0.77 0.96 2.22 1.37 3.60 -66.91%

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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