[MANULFE] QoQ Cumulative Quarter Result on 31-Mar-2005 [#1]

Announcement Date
30-May-2005
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2005
Quarter
31-Mar-2005 [#1]
Profit Trend
QoQ- -77.66%
YoY- 12.48%
Quarter Report
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Cumulative Result
31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 CAGR
Revenue 474,290 328,362 210,580 98,345 435,313 310,876 204,292 75.06%
PBT 56,436 42,774 26,194 12,681 56,876 38,876 24,403 74.61%
Tax -16,408 -12,583 -7,808 -3,630 -16,367 -11,110 -6,964 76.78%
NP 40,028 30,191 18,386 9,051 40,509 27,766 17,439 73.74%
-
NP to SH 40,028 30,191 18,386 9,051 40,509 27,766 17,439 73.74%
-
Tax Rate 29.07% 29.42% 29.81% 28.63% 28.78% 28.58% 28.54% -
Total Cost 434,262 298,171 192,194 89,294 394,804 283,110 186,853 75.18%
-
Net Worth 339,220 325,094 314,985 324,985 316,886 302,681 292,330 10.39%
Dividend
31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 CAGR
Div - - - - - - - -
Div Payout % - - - - - - - -
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 339,220 325,094 314,985 324,985 316,886 302,681 292,330 10.39%
NOSH 201,916 201,922 201,913 201,854 201,838 201,787 201,606 0.10%
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 8.44% 9.19% 8.73% 9.20% 9.31% 8.93% 8.54% -
ROE 11.80% 9.29% 5.84% 2.79% 12.78% 9.17% 5.97% -
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 234.89 162.62 104.29 48.72 215.67 154.06 101.33 74.88%
EPS 19.82 14.95 9.11 4.48 20.07 13.76 8.65 73.54%
DPS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
NAPS 1.68 1.61 1.56 1.61 1.57 1.50 1.45 10.28%
Adjusted Per Share Value based on latest NOSH - 201,854
31/12/05 30/09/05 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 CAGR
RPS 213.29 147.66 94.70 44.23 195.76 139.80 91.87 75.06%
EPS 18.00 13.58 8.27 4.07 18.22 12.49 7.84 73.77%
DPS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
NAPS 1.5255 1.4619 1.4165 1.4615 1.425 1.3612 1.3146 10.39%
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 2.30 2.13 2.14 2.34 2.30 2.14 1.98 -
P/RPS 0.98 1.31 2.05 4.80 1.07 1.39 1.95 -36.70%
P/EPS 11.60 14.25 23.50 52.19 11.46 15.55 22.89 -36.35%
EY 8.62 7.02 4.26 1.92 8.73 6.43 4.37 57.08%
DY 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
P/NAPS 1.37 1.32 1.37 1.45 1.46 1.43 1.37 0.00%
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 28/02/06 23/11/05 24/08/05 30/05/05 28/02/05 25/11/04 25/08/04 -
Price 2.26 2.10 2.15 2.25 2.29 2.16 2.19 -
P/RPS 0.96 1.29 2.06 4.62 1.06 1.40 2.16 -41.67%
P/EPS 11.40 14.05 23.61 50.18 11.41 15.70 25.32 -41.17%
EY 8.77 7.12 4.24 1.99 8.76 6.37 3.95 69.94%
DY 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
P/NAPS 1.35 1.30 1.38 1.40 1.46 1.44 1.51 -7.17%

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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