[MANULFE] QoQ TTM Result on 31-Dec-2003 [#4]

Announcement Date
24-Feb-2004
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2003
Quarter
31-Dec-2003 [#4]
Profit Trend
QoQ- 52.91%
YoY- 61.63%
Quarter Report
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TTM Result
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
Revenue 437,482 430,737 422,962 407,205 390,170 379,663 373,947 10.99%
PBT 58,464 55,370 53,666 48,530 41,365 37,369 35,424 39.52%
Tax -6,891 -5,979 -5,648 -4,017 -12,255 -11,171 -10,729 -25.49%
NP 51,573 49,391 48,018 44,513 29,110 26,198 24,695 63.16%
-
NP to SH 51,573 49,391 48,018 44,513 29,110 26,198 24,695 63.16%
-
Tax Rate 11.79% 10.80% 10.52% 8.28% 29.63% 29.89% 30.29% -
Total Cost 385,909 381,346 374,944 362,692 361,060 353,465 349,252 6.86%
-
Net Worth 302,548 292,868 306,552 298,343 274,188 261,927 268,482 8.26%
Dividend
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
Div - - - - - - - -
Div Payout % - - - - - - - -
Equity
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
Net Worth 302,548 292,868 306,552 298,343 274,188 261,927 268,482 8.26%
NOSH 201,699 201,978 201,679 201,583 201,608 201,482 201,866 -0.05%
Ratio Analysis
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
NP Margin 11.79% 11.47% 11.35% 10.93% 7.46% 6.90% 6.60% -
ROE 17.05% 16.86% 15.66% 14.92% 10.62% 10.00% 9.20% -
Per Share
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
RPS 216.90 213.26 209.72 202.00 193.53 188.43 185.24 11.06%
EPS 25.57 24.45 23.81 22.08 14.44 13.00 12.23 63.28%
DPS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
NAPS 1.50 1.45 1.52 1.48 1.36 1.30 1.33 8.32%
Adjusted Per Share Value based on latest NOSH - 201,583
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
RPS 199.34 196.26 192.72 185.54 177.78 172.99 170.39 10.99%
EPS 23.50 22.50 21.88 20.28 13.26 11.94 11.25 63.19%
DPS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
NAPS 1.3786 1.3345 1.3968 1.3594 1.2493 1.1935 1.2233 8.27%
Price Multiplier on Financial Quarter End Date
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
Date 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 -
Price 2.14 1.98 2.15 2.00 2.00 1.96 1.83 -
P/RPS 0.99 0.93 1.03 0.99 1.03 1.04 0.99 0.00%
P/EPS 8.37 8.10 9.03 9.06 13.85 15.07 14.96 -32.02%
EY 11.95 12.35 11.07 11.04 7.22 6.63 6.68 47.20%
DY 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
P/NAPS 1.43 1.37 1.41 1.35 1.47 1.51 1.38 2.39%
Price Multiplier on Announcement Date
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
Date 25/11/04 25/08/04 26/05/04 24/02/04 19/11/03 20/08/03 23/05/03 -
Price 2.16 2.19 2.31 2.09 1.99 2.02 2.04 -
P/RPS 1.00 1.03 1.10 1.03 1.03 1.07 1.10 -6.14%
P/EPS 8.45 8.96 9.70 9.46 13.78 15.54 16.68 -36.37%
EY 11.84 11.17 10.31 10.57 7.26 6.44 6.00 57.13%
DY 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
P/NAPS 1.44 1.51 1.52 1.41 1.46 1.55 1.53 -3.95%

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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