[MAA] QoQ TTM Result on 30-Sep-2003 [#3]

Announcement Date
21-Nov-2003
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2003
Quarter
30-Sep-2003 [#3]
Profit Trend
QoQ- 79.49%
YoY- 133.74%
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TTM Result
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
Revenue 1,994,673 1,957,891 1,901,261 1,838,273 1,781,509 1,659,746 1,507,707 20.53%
PBT 55,505 91,070 72,878 56,253 45,317 21,955 49,924 7.32%
Tax 13,753 7,477 9,805 -27,861 -29,499 -28,732 -29,131 -
NP 69,258 98,547 82,683 28,392 15,818 -6,777 20,793 123.19%
-
NP to SH 69,258 98,547 82,683 28,392 15,818 -6,777 20,793 123.19%
-
Tax Rate -24.78% -8.21% -13.45% 49.53% 65.09% 130.87% 58.35% -
Total Cost 1,925,415 1,859,344 1,818,578 1,809,881 1,765,691 1,666,523 1,486,914 18.82%
-
Net Worth 325,547 360,871 360,639 277,230 279,996 261,221 284,526 9.40%
Dividend
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
Div 7,608 7,608 7,608 7,607 7,607 7,607 7,607 0.00%
Div Payout % 10.99% 7.72% 9.20% 26.80% 48.10% 0.00% 36.59% -
Equity
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
Net Worth 325,547 360,871 360,639 277,230 279,996 261,221 284,526 9.40%
NOSH 152,124 152,266 152,168 152,324 152,172 150,994 152,153 -0.01%
Ratio Analysis
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
NP Margin 3.47% 5.03% 4.35% 1.54% 0.89% -0.41% 1.38% -
ROE 21.27% 27.31% 22.93% 10.24% 5.65% -2.59% 7.31% -
Per Share
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
RPS 1,311.21 1,285.83 1,249.44 1,206.82 1,170.72 1,099.21 990.91 20.54%
EPS 45.53 64.72 54.34 18.64 10.39 -4.49 13.67 123.18%
DPS 5.00 5.00 5.00 5.00 5.00 5.00 5.00 0.00%
NAPS 2.14 2.37 2.37 1.82 1.84 1.73 1.87 9.41%
Adjusted Per Share Value based on latest NOSH - 152,324
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
RPS 756.81 742.85 721.37 697.47 675.93 629.73 572.05 20.53%
EPS 26.28 37.39 31.37 10.77 6.00 -2.57 7.89 123.19%
DPS 2.89 2.89 2.89 2.89 2.89 2.89 2.89 0.00%
NAPS 1.2352 1.3692 1.3683 1.0519 1.0624 0.9911 1.0795 9.40%
Price Multiplier on Financial Quarter End Date
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
Date 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 -
Price 5.30 5.80 5.55 5.05 4.58 3.74 4.16 -
P/RPS 0.40 0.45 0.44 0.42 0.39 0.34 0.42 -3.20%
P/EPS 11.64 8.96 10.21 27.09 44.06 -83.33 30.44 -47.34%
EY 8.59 11.16 9.79 3.69 2.27 -1.20 3.29 89.72%
DY 0.94 0.86 0.90 0.99 1.09 1.34 1.20 -15.03%
P/NAPS 2.48 2.45 2.34 2.77 2.49 2.16 2.22 7.67%
Price Multiplier on Announcement Date
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
Date 17/08/04 28/05/04 26/02/04 21/11/03 27/08/03 30/05/03 28/02/03 -
Price 4.82 5.45 6.45 5.40 4.98 4.32 3.98 -
P/RPS 0.37 0.42 0.52 0.45 0.43 0.39 0.40 -5.06%
P/EPS 10.59 8.42 11.87 28.97 47.91 -96.25 29.12 -49.08%
EY 9.45 11.88 8.42 3.45 2.09 -1.04 3.43 96.64%
DY 1.04 0.92 0.78 0.93 1.00 1.16 1.26 -12.01%
P/NAPS 2.25 2.30 2.72 2.97 2.71 2.50 2.13 3.72%

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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