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

Announcement Date
18-May-2004
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2004
Quarter
31-Mar-2004 [#1]
Profit Trend
QoQ- -15.81%
YoY- 37.78%
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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 70,775 72,810 73,343 68,885 94,579 67,504 66,794 3.91%
PBT 10,271 9,873 9,116 8,191 9,597 7,325 6,385 37.09%
Tax -2,949 -2,805 -2,548 -2,316 -2,619 -2,267 -1,997 29.52%
NP 7,322 7,068 6,568 5,875 6,978 5,058 4,388 40.46%
-
NP to SH 7,322 7,068 6,568 5,875 6,978 5,058 4,388 40.46%
-
Tax Rate 28.71% 28.41% 27.95% 28.27% 27.29% 30.95% 31.28% -
Total Cost 63,453 65,742 66,775 63,010 87,601 62,446 62,406 1.11%
-
Net Worth 159,811 158,404 152,284 151,805 146,202 142,736 139,149 9.62%
Dividend
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
Div 8,096 - 6,533 - 6,569 - 4,417 49.49%
Div Payout % 110.58% - 99.47% - 94.14% - 100.67% -
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 159,811 158,404 152,284 151,805 146,202 142,736 139,149 9.62%
NOSH 115,671 115,868 116,247 116,567 72,991 73,198 73,624 34.96%
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 10.35% 9.71% 8.96% 8.53% 7.38% 7.49% 6.57% -
ROE 4.58% 4.46% 4.31% 3.87% 4.77% 3.54% 3.15% -
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 61.19 62.84 63.09 59.09 129.58 92.22 90.72 -22.99%
EPS 6.33 6.10 5.65 5.04 9.56 6.91 5.96 4.07%
DPS 7.00 0.00 5.62 0.00 9.00 0.00 6.00 10.77%
NAPS 1.3816 1.3671 1.31 1.3023 2.003 1.95 1.89 -18.77%
Adjusted Per Share Value based on latest NOSH - 116,567
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
RPS 12.15 12.50 12.59 11.82 16.23 11.59 11.46 3.95%
EPS 1.26 1.21 1.13 1.01 1.20 0.87 0.75 41.09%
DPS 1.39 0.00 1.12 0.00 1.13 0.00 0.76 49.28%
NAPS 0.2743 0.2719 0.2614 0.2605 0.2509 0.245 0.2388 9.63%
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 0.65 0.58 0.59 0.67 0.67 0.55 0.49 -
P/RPS 1.06 0.92 0.94 1.13 0.52 0.60 0.54 56.45%
P/EPS 10.27 9.51 10.44 13.29 7.01 7.96 8.22 15.92%
EY 9.74 10.52 9.58 7.52 14.27 12.56 12.16 -13.69%
DY 10.77 0.00 9.53 0.00 13.43 0.00 12.24 -8.14%
P/NAPS 0.47 0.42 0.45 0.51 0.33 0.28 0.26 48.12%
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 25/02/05 23/11/04 24/08/04 18/05/04 20/02/04 17/11/03 21/08/03 -
Price 0.65 0.60 0.51 0.56 0.88 0.78 0.51 -
P/RPS 1.06 0.95 0.81 0.95 0.68 0.85 0.56 52.72%
P/EPS 10.27 9.84 9.03 11.11 9.21 11.29 8.56 12.84%
EY 9.74 10.17 11.08 9.00 10.86 8.86 11.69 -11.40%
DY 10.77 0.00 11.02 0.00 10.23 0.00 11.76 -5.66%
P/NAPS 0.47 0.44 0.39 0.43 0.44 0.40 0.27 44.46%

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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