[XL] QoQ Quarter Result on 31-Oct-2003 [#3]

Announcement Date
26-Dec-2003
Admission Sponsor
-
Sponsor
-
Financial Year
31-Jan-2004
Quarter
31-Oct-2003 [#3]
Profit Trend
QoQ- 9.32%
YoY- 50.25%
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Quarter Result
31/07/04 30/04/04 31/01/04 31/10/03 31/07/03 30/04/03 31/01/03 CAGR
Revenue 12,901 11,138 11,990 13,101 11,835 10,416 12,688 1.11%
PBT 7,559 5,723 5,107 6,171 5,770 5,219 5,209 28.20%
Tax -2,325 -1,146 -470 -1,901 -1,864 -1,419 -1,517 32.96%
NP 5,234 4,577 4,637 4,270 3,906 3,800 3,692 26.22%
-
NP to SH 5,234 4,577 4,637 4,270 3,906 3,800 3,692 26.22%
-
Tax Rate 30.76% 20.02% 9.20% 30.81% 32.31% 27.19% 29.12% -
Total Cost 7,667 6,561 7,353 8,831 7,929 6,616 8,996 -10.11%
-
Net Worth 119,053 116,057 110,853 106,388 102,357 132,630 95,557 15.80%
Dividend
31/07/04 30/04/04 31/01/04 31/10/03 31/07/03 30/04/03 31/01/03 CAGR
Div - - 2,173 - - - 1,447 -
Div Payout % - - 46.87% - - - 39.22% -
Equity
31/07/04 30/04/04 31/01/04 31/10/03 31/07/03 30/04/03 31/01/03 CAGR
Net Worth 119,053 116,057 110,853 106,388 102,357 132,630 95,557 15.80%
NOSH 72,593 72,535 72,453 72,372 48,281 66,315 48,261 31.31%
Ratio Analysis
31/07/04 30/04/04 31/01/04 31/10/03 31/07/03 30/04/03 31/01/03 CAGR
NP Margin 40.57% 41.09% 38.67% 32.59% 33.00% 36.48% 29.10% -
ROE 4.40% 3.94% 4.18% 4.01% 3.82% 2.87% 3.86% -
Per Share
31/07/04 30/04/04 31/01/04 31/10/03 31/07/03 30/04/03 31/01/03 CAGR
RPS 17.77 15.36 16.55 18.10 24.51 15.71 26.29 -22.99%
EPS 7.21 6.31 6.40 5.90 8.09 5.24 7.65 -3.87%
DPS 0.00 0.00 3.00 0.00 0.00 0.00 3.00 -
NAPS 1.64 1.60 1.53 1.47 2.12 2.00 1.98 -11.81%
Adjusted Per Share Value based on latest NOSH - 72,372
31/07/04 30/04/04 31/01/04 31/10/03 31/07/03 30/04/03 31/01/03 CAGR
RPS 4.19 3.62 3.90 4.26 3.85 3.39 4.13 0.96%
EPS 1.70 1.49 1.51 1.39 1.27 1.24 1.20 26.16%
DPS 0.00 0.00 0.71 0.00 0.00 0.00 0.47 -
NAPS 0.3871 0.3773 0.3604 0.3459 0.3328 0.4312 0.3107 15.80%
Price Multiplier on Financial Quarter End Date
31/07/04 30/04/04 31/01/04 31/10/03 31/07/03 30/04/03 31/01/03 CAGR
Date 30/07/04 30/04/04 30/01/04 31/10/03 31/07/03 30/04/03 30/01/03 -
Price 2.53 2.58 2.41 2.08 3.28 2.58 2.66 -
P/RPS 14.24 16.80 14.56 11.49 13.38 16.43 10.12 25.59%
P/EPS 35.09 40.89 37.66 35.25 40.54 45.02 34.77 0.61%
EY 2.85 2.45 2.66 2.84 2.47 2.22 2.88 -0.69%
DY 0.00 0.00 1.24 0.00 0.00 0.00 1.13 -
P/NAPS 1.54 1.61 1.58 1.41 1.55 1.29 1.34 9.72%
Price Multiplier on Announcement Date
31/07/04 30/04/04 31/01/04 31/10/03 31/07/03 30/04/03 31/01/03 CAGR
Date 29/09/04 22/06/04 30/03/04 26/12/03 26/09/03 25/06/03 31/03/03 -
Price 2.55 2.50 2.63 2.20 1.86 2.77 2.50 -
P/RPS 14.35 16.28 15.89 12.15 7.59 17.64 9.51 31.59%
P/EPS 35.37 39.62 41.09 37.29 22.99 48.34 32.68 5.41%
EY 2.83 2.52 2.43 2.68 4.35 2.07 3.06 -5.08%
DY 0.00 0.00 1.14 0.00 0.00 0.00 1.20 -
P/NAPS 1.55 1.56 1.72 1.50 0.88 1.39 1.26 14.82%

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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