[EMIVEST] QoQ Cumulative 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- -67.3%
YoY- 39.12%
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 320,845 238,687 156,973 82,937 300,655 218,512 144,391 70.03%
PBT 15,022 10,803 7,703 2,094 6,697 4,840 3,754 151.41%
Tax -4,890 -2,686 -1,344 -579 -2,064 -1,901 -1,731 99.45%
NP 10,132 8,117 6,359 1,515 4,633 2,939 2,023 191.87%
-
NP to SH 9,724 7,614 5,971 1,515 4,633 2,939 2,023 184.00%
-
Tax Rate 32.55% 24.86% 17.45% 27.65% 30.82% 39.28% 46.11% -
Total Cost 310,713 230,570 150,614 81,422 296,022 215,573 142,368 68.01%
-
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% 9.48% 7.55% 2.00% 5.36% 4.08% 2.79% -
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 267.32 199.06 130.92 68.98 250.60 364.31 240.53 7.27%
EPS 8.10 6.35 4.98 1.26 3.86 4.90 3.37 79.14%
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 267.30 198.85 130.78 69.10 250.48 182.04 120.29 70.03%
EPS 8.10 6.34 4.97 1.26 3.86 2.45 1.69 183.46%
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 0.25 0.31 0.65 0.20 0.28 0.44 -40.79%
P/EPS 6.67 7.87 8.23 35.71 13.21 20.61 31.16 -64.11%
EY 15.00 12.70 12.15 2.80 7.57 4.85 3.21 178.72%
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 0.21 0.35 0.58 0.20 0.15 0.39 -17.87%
P/EPS 9.50 6.46 9.24 31.75 12.69 11.22 27.60 -50.78%
EY 10.52 15.49 10.83 3.15 7.88 8.91 3.62 103.24%
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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