[TM] QoQ 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- 1.47%
YoY- 81.38%
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Quarter Result
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
Revenue 3,465,105 3,285,164 3,243,587 3,257,044 3,200,009 3,307,412 2,950,943 11.24%
PBT 943,773 521,570 1,001,425 706,071 511,299 455,557 412,436 73.21%
Tax -119,573 -191,592 -49,274 -198,940 -11,539 -122,364 -134,573 -7.54%
NP 824,200 329,978 952,151 507,131 499,760 333,193 277,863 105.76%
-
NP to SH 824,200 329,978 952,151 507,131 499,760 333,193 277,863 105.76%
-
Tax Rate 12.67% 36.73% 4.92% 28.18% 2.26% 26.86% 32.63% -
Total Cost 2,640,905 2,955,186 2,291,436 2,749,913 2,700,249 2,974,219 2,673,080 -0.80%
-
Net Worth 15,359,846 14,483,340 14,347,411 13,660,595 12,606,204 11,953,299 11,381,963 22.00%
Dividend
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
Div 675,573 - 334,088 - 644,851 - - -
Div Payout % 81.97% - 35.09% - 129.03% - - -
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 15,359,846 14,483,340 14,347,411 13,660,595 12,606,204 11,953,299 11,381,963 22.00%
NOSH 3,377,868 3,367,122 3,340,880 3,293,058 3,224,258 3,203,778 3,157,534 4.57%
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 23.79% 10.04% 29.35% 15.57% 15.62% 10.07% 9.42% -
ROE 5.37% 2.28% 6.64% 3.71% 3.96% 2.79% 2.44% -
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 102.58 97.57 97.09 98.91 99.25 103.23 93.46 6.37%
EPS 24.40 9.80 28.50 15.40 15.50 10.40 8.80 96.75%
DPS 20.00 0.00 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 90.29 85.60 84.52 84.87 83.38 86.18 76.89 11.25%
EPS 21.48 8.60 24.81 13.21 13.02 8.68 7.24 105.79%
DPS 17.60 0.00 8.71 0.00 16.80 0.00 0.00 -
NAPS 4.0024 3.774 3.7385 3.5596 3.2848 3.1147 2.9658 22.00%
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 5.65 5.74 5.30 5.21 4.23 3.56 4.19 21.94%
P/EPS 23.77 57.14 18.07 33.44 27.10 35.29 44.55 -34.09%
EY 4.21 1.75 5.53 2.99 3.69 2.83 2.24 52.00%
DY 3.45 0.00 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 5.17 6.15 5.20 4.80 5.29 4.05 4.23 14.24%
P/EPS 21.72 61.22 17.72 30.84 33.87 40.19 44.89 -38.23%
EY 4.60 1.63 5.64 3.24 2.95 2.49 2.23 61.68%
DY 3.77 0.00 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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