[EMIVEST] QoQ Annualized Quarter Result on 31-Mar-2005 [#1]

Announcement Date
27-May-2005
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2005
Quarter
31-Mar-2005 [#1]
Profit Trend
QoQ- 30.8%
YoY- 39.12%
Quarter Report
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Annualized Quarter Result
31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 CAGR
Revenue 320,845 318,249 313,946 331,748 300,655 291,349 288,782 7.25%
PBT 15,022 14,404 15,406 8,376 6,697 6,453 7,508 58.58%
Tax -4,890 -3,581 -2,688 -2,316 -2,064 -2,534 -3,462 25.80%
NP 10,132 10,822 12,718 6,060 4,633 3,918 4,046 84.09%
-
NP to SH 9,724 10,152 11,942 6,060 4,633 3,918 4,046 79.13%
-
Tax Rate 32.55% 24.86% 17.45% 27.65% 30.82% 39.27% 46.11% -
Total Cost 310,713 307,426 301,228 325,688 296,022 287,430 284,736 5.97%
-
Net Worth 86,417 80,336 79,133 75,749 86,381 71,975 72,635 12.24%
Dividend
31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 CAGR
Div 4,800 - - - 1,799 - - -
Div Payout % 49.37% - - - 38.84% - - -
Equity
31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 CAGR
Net Worth 86,417 80,336 79,133 75,749 86,381 71,975 72,635 12.24%
NOSH 120,024 119,905 119,899 120,238 119,974 59,979 60,029 58.50%
Ratio Analysis
31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 CAGR
NP Margin 3.16% 3.40% 4.05% 1.83% 1.54% 1.35% 1.40% -
ROE 11.25% 12.64% 15.09% 8.00% 5.36% 5.44% 5.57% -
Per Share
31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 CAGR
RPS 267.32 265.42 261.84 275.91 250.60 485.75 481.07 -32.33%
EPS 8.10 8.47 9.96 5.04 3.86 6.53 6.74 12.99%
DPS 4.00 0.00 0.00 0.00 1.50 0.00 0.00 -
NAPS 0.72 0.67 0.66 0.63 0.72 1.20 1.21 -29.18%
Adjusted Per Share Value based on latest NOSH - 120,238
31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 CAGR
RPS 267.30 265.14 261.55 276.38 250.48 242.73 240.59 7.25%
EPS 8.10 8.46 9.95 5.05 3.86 3.26 3.37 79.14%
DPS 4.00 0.00 0.00 0.00 1.50 0.00 0.00 -
NAPS 0.72 0.6693 0.6593 0.6311 0.7197 0.5996 0.6051 12.25%
Price Multiplier on Financial Quarter End Date
31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 CAGR
Date 30/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 -
Price 0.54 0.50 0.41 0.45 0.51 1.01 1.05 -
P/RPS 0.20 0.19 0.16 0.16 0.20 0.21 0.22 -6.14%
P/EPS 6.67 5.91 4.12 8.93 13.21 15.46 15.58 -43.10%
EY 15.00 16.93 24.29 11.20 7.57 6.47 6.42 75.80%
DY 7.41 0.00 0.00 0.00 2.94 0.00 0.00 -
P/NAPS 0.75 0.75 0.62 0.71 0.71 0.84 0.87 -9.39%
Price Multiplier on Announcement Date
31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 CAGR
Date 27/02/06 29/11/05 29/08/05 27/05/05 24/02/05 29/11/04 27/08/04 -
Price 0.77 0.41 0.46 0.40 0.49 0.55 0.93 -
P/RPS 0.29 0.15 0.18 0.14 0.20 0.11 0.19 32.46%
P/EPS 9.50 4.84 4.62 7.94 12.69 8.42 13.80 -21.98%
EY 10.52 20.65 21.65 12.60 7.88 11.88 7.25 28.08%
DY 5.19 0.00 0.00 0.00 3.06 0.00 0.00 -
P/NAPS 1.07 0.61 0.70 0.63 0.68 0.46 0.77 24.45%

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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