[EMIVEST] QoQ Annualized Quarter Result on 31-Mar-2006 [#1]

Announcement Date
12-Jun-2006
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2006
Quarter
31-Mar-2006 [#1]
Profit Trend
QoQ- -37.52%
YoY- 0.26%
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Annualized Quarter Result
31/12/06 30/09/06 30/06/06 31/03/06 31/12/05 30/09/05 30/06/05 CAGR
Revenue 321,329 308,997 314,510 313,080 320,845 318,249 313,946 1.55%
PBT 14,220 12,741 11,198 8,960 15,022 14,404 15,406 -5.18%
Tax -3,901 -3,792 -3,454 -2,300 -4,890 -3,581 -2,688 28.09%
NP 10,319 8,949 7,744 6,660 10,132 10,822 12,718 -12.97%
-
NP to SH 9,928 8,388 7,216 6,076 9,724 10,152 11,942 -11.55%
-
Tax Rate 27.43% 29.76% 30.84% 25.67% 32.55% 24.86% 17.45% -
Total Cost 311,010 300,048 306,766 306,420 310,713 307,426 301,228 2.14%
-
Net Worth 92,437 88,842 89,900 87,312 86,417 80,336 79,133 10.88%
Dividend
31/12/06 30/09/06 30/06/06 31/03/06 31/12/05 30/09/05 30/06/05 CAGR
Div 4,801 - - - 4,800 - - -
Div Payout % 48.37% - - - 49.37% - - -
Equity
31/12/06 30/09/06 30/06/06 31/03/06 31/12/05 30/09/05 30/06/05 CAGR
Net Worth 92,437 88,842 89,900 87,312 86,417 80,336 79,133 10.88%
NOSH 120,048 120,057 119,867 119,606 120,024 119,905 119,899 0.08%
Ratio Analysis
31/12/06 30/09/06 30/06/06 31/03/06 31/12/05 30/09/05 30/06/05 CAGR
NP Margin 3.21% 2.90% 2.46% 2.13% 3.16% 3.40% 4.05% -
ROE 10.74% 9.44% 8.03% 6.96% 11.25% 12.64% 15.09% -
Per Share
31/12/06 30/09/06 30/06/06 31/03/06 31/12/05 30/09/05 30/06/05 CAGR
RPS 267.67 257.37 262.38 261.76 267.32 265.42 261.84 1.47%
EPS 8.27 6.99 6.02 5.08 8.10 8.47 9.96 -11.62%
DPS 4.00 0.00 0.00 0.00 4.00 0.00 0.00 -
NAPS 0.77 0.74 0.75 0.73 0.72 0.67 0.66 10.79%
Adjusted Per Share Value based on latest NOSH - 119,606
31/12/06 30/09/06 30/06/06 31/03/06 31/12/05 30/09/05 30/06/05 CAGR
RPS 267.70 257.43 262.02 260.83 267.30 265.14 261.55 1.55%
EPS 8.27 6.99 6.01 5.06 8.10 8.46 9.95 -11.56%
DPS 4.00 0.00 0.00 0.00 4.00 0.00 0.00 -
NAPS 0.7701 0.7402 0.749 0.7274 0.72 0.6693 0.6593 10.87%
Price Multiplier on Financial Quarter End Date
31/12/06 30/09/06 30/06/06 31/03/06 31/12/05 30/09/05 30/06/05 CAGR
Date 29/12/06 29/09/06 30/06/06 31/03/06 30/12/05 30/09/05 30/06/05 -
Price 0.62 0.56 0.71 0.61 0.54 0.50 0.41 -
P/RPS 0.23 0.22 0.27 0.23 0.20 0.19 0.16 27.28%
P/EPS 7.50 8.02 11.79 12.01 6.67 5.91 4.12 48.92%
EY 13.34 12.48 8.48 8.33 15.00 16.93 24.29 -32.86%
DY 6.45 0.00 0.00 0.00 7.41 0.00 0.00 -
P/NAPS 0.81 0.76 0.95 0.84 0.75 0.75 0.62 19.44%
Price Multiplier on Announcement Date
31/12/06 30/09/06 30/06/06 31/03/06 31/12/05 30/09/05 30/06/05 CAGR
Date 26/02/07 27/11/06 28/08/06 12/06/06 27/02/06 29/11/05 29/08/05 -
Price 0.66 0.61 0.57 0.60 0.77 0.41 0.46 -
P/RPS 0.25 0.24 0.22 0.23 0.29 0.15 0.18 24.40%
P/EPS 7.98 8.73 9.47 11.81 9.50 4.84 4.62 43.81%
EY 12.53 11.45 10.56 8.47 10.52 20.65 21.65 -30.48%
DY 6.06 0.00 0.00 0.00 5.19 0.00 0.00 -
P/NAPS 0.86 0.82 0.76 0.82 1.07 0.61 0.70 14.66%

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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