[TM] QoQ Cumulative Quarter Result on 31-Mar-2004 [#1]

Announcement Date
26-May-2004
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2004
Quarter
31-Mar-2004 [#1]
Profit Trend
QoQ- -63.53%
YoY- 81.38%
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Cumulative Result
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
Revenue 13,250,900 9,785,795 6,500,631 3,257,044 11,796,350 8,596,341 5,288,929 83.95%
PBT 3,172,839 2,229,066 1,707,496 706,071 1,810,452 1,299,153 843,596 140.87%
Tax -559,379 -439,806 -248,214 -198,940 -420,038 -408,499 -286,135 56.02%
NP 2,613,460 1,789,260 1,459,282 507,131 1,390,414 890,654 557,461 178.80%
-
NP to SH 2,613,460 1,789,260 1,459,282 507,131 1,390,414 890,654 557,461 178.80%
-
Tax Rate 17.63% 19.73% 14.54% 28.18% 23.20% 31.44% 33.92% -
Total Cost 10,637,440 7,996,535 5,041,349 2,749,913 10,405,936 7,705,687 4,731,468 71.19%
-
Net Worth 15,196,836 14,305,433 14,210,627 13,660,595 12,468,442 11,867,964 11,417,498 20.89%
Dividend
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
Div 1,002,606 332,576 330,902 - 637,804 - - -
Div Payout % 38.36% 18.59% 22.68% - 45.87% - - -
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 15,196,836 14,305,433 14,210,627 13,660,595 12,468,442 11,867,964 11,417,498 20.89%
NOSH 3,342,020 3,325,762 3,309,029 3,293,058 3,189,023 3,180,907 3,167,391 3.62%
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 19.72% 18.28% 22.45% 15.57% 11.79% 10.36% 10.54% -
ROE 17.20% 12.51% 10.27% 3.71% 11.15% 7.50% 4.88% -
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 396.49 294.24 196.45 98.91 369.90 270.25 166.98 77.51%
EPS 78.20 53.80 44.10 15.40 43.60 28.00 17.60 169.05%
DPS 30.00 10.00 10.00 0.00 20.00 0.00 0.00 -
NAPS 4.5472 4.3014 4.2945 4.1483 3.9098 3.731 3.6047 16.66%
Adjusted Per Share Value based on latest NOSH - 3,293,058
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
RPS 345.28 254.99 169.39 84.87 307.38 224.00 137.81 83.95%
EPS 68.10 46.62 38.02 13.21 36.23 23.21 14.53 178.75%
DPS 26.13 8.67 8.62 0.00 16.62 0.00 0.00 -
NAPS 3.9599 3.7276 3.7029 3.5596 3.2489 3.0925 2.9751 20.89%
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 5.80 5.60 5.15 5.15 4.20 3.67 3.92 -
P/RPS 1.46 1.90 2.62 5.21 1.14 1.36 2.35 -27.08%
P/EPS 7.42 10.41 11.68 33.44 9.63 13.11 22.27 -51.77%
EY 13.48 9.61 8.56 2.99 10.38 7.63 4.49 107.41%
DY 5.17 1.79 1.94 0.00 4.76 0.00 0.00 -
P/NAPS 1.28 1.30 1.20 1.24 1.07 0.98 1.09 11.25%
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 30/11/04 24/08/04 26/05/04 26/02/04 21/11/03 26/08/03 -
Price 5.30 6.00 5.05 4.75 5.25 4.18 3.95 -
P/RPS 1.34 2.04 2.57 4.80 1.42 1.55 2.37 -31.50%
P/EPS 6.78 11.15 11.45 30.84 12.04 14.93 22.44 -54.80%
EY 14.75 8.97 8.73 3.24 8.30 6.70 4.46 121.17%
DY 5.66 1.67 1.98 0.00 3.81 0.00 0.00 -
P/NAPS 1.17 1.39 1.18 1.15 1.34 1.12 1.10 4.17%

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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