[F&N] QoQ TTM Result on 31-Mar-2008 [#2]

Announcement Date
07-May-2008
Admission Sponsor
-
Sponsor
-
Financial Year
30-Sep-2008
Quarter
31-Mar-2008 [#2]
Profit Trend
QoQ- 7.56%
YoY- 18.58%
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TTM Result
31/12/08 30/09/08 30/06/08 31/03/08 31/12/07 30/09/07 30/06/07 CAGR
Revenue 3,653,757 3,613,325 3,491,005 3,422,349 3,231,962 2,865,068 2,556,068 26.75%
PBT 248,805 239,672 254,191 246,174 230,544 220,905 207,785 12.70%
Tax -61,731 -59,941 -62,550 -61,300 -58,765 -55,328 -45,571 22.31%
NP 187,074 179,731 191,641 184,874 171,779 165,577 162,214 9.92%
-
NP to SH 173,262 166,845 177,710 171,037 159,019 152,871 149,813 10.13%
-
Tax Rate 24.81% 25.01% 24.61% 24.90% 25.49% 25.05% 21.93% -
Total Cost 3,466,683 3,433,594 3,299,364 3,237,475 3,060,183 2,699,491 2,393,854 27.85%
-
Net Worth 1,229,237 1,176,939 1,128,945 1,154,941 1,200,636 1,157,964 1,095,886 7.91%
Dividend
31/12/08 30/09/08 30/06/08 31/03/08 31/12/07 30/09/07 30/06/07 CAGR
Div 142,622 142,622 141,958 141,958 121,746 121,746 118,341 13.18%
Div Payout % 82.32% 85.48% 79.88% 83.00% 76.56% 79.64% 78.99% -
Equity
31/12/08 30/09/08 30/06/08 31/03/08 31/12/07 30/09/07 30/06/07 CAGR
Net Worth 1,229,237 1,176,939 1,128,945 1,154,941 1,200,636 1,157,964 1,095,886 7.91%
NOSH 356,300 354,499 357,261 357,567 356,272 356,296 354,655 0.30%
Ratio Analysis
31/12/08 30/09/08 30/06/08 31/03/08 31/12/07 30/09/07 30/06/07 CAGR
NP Margin 5.12% 4.97% 5.49% 5.40% 5.32% 5.78% 6.35% -
ROE 14.10% 14.18% 15.74% 14.81% 13.24% 13.20% 13.67% -
Per Share
31/12/08 30/09/08 30/06/08 31/03/08 31/12/07 30/09/07 30/06/07 CAGR
RPS 1,025.47 1,019.27 977.16 957.12 907.16 804.12 720.72 26.36%
EPS 48.63 47.06 49.74 47.83 44.63 42.91 42.24 9.79%
DPS 40.08 40.08 39.78 39.78 34.20 34.20 33.17 13.38%
NAPS 3.45 3.32 3.16 3.23 3.37 3.25 3.09 7.58%
Adjusted Per Share Value based on latest NOSH - 357,567
31/12/08 30/09/08 30/06/08 31/03/08 31/12/07 30/09/07 30/06/07 CAGR
RPS 996.18 985.15 951.80 933.08 881.18 781.14 696.90 26.75%
EPS 47.24 45.49 48.45 46.63 43.36 41.68 40.85 10.12%
DPS 38.89 38.89 38.70 38.70 33.19 33.19 32.27 13.18%
NAPS 3.3514 3.2089 3.078 3.1489 3.2735 3.1571 2.9879 7.91%
Price Multiplier on Financial Quarter End Date
31/12/08 30/09/08 30/06/08 31/03/08 31/12/07 30/09/07 30/06/07 CAGR
Date 31/12/08 30/09/08 30/06/08 31/03/08 31/12/07 28/09/07 29/06/07 -
Price 8.85 9.05 9.00 7.85 7.95 8.05 7.35 -
P/RPS 0.86 0.89 0.92 0.82 0.88 1.00 1.02 -10.70%
P/EPS 18.20 19.23 18.09 16.41 17.81 18.76 17.40 3.02%
EY 5.49 5.20 5.53 6.09 5.61 5.33 5.75 -3.02%
DY 4.53 4.43 4.42 5.07 4.30 4.25 4.51 0.29%
P/NAPS 2.57 2.73 2.85 2.43 2.36 2.48 2.38 5.22%
Price Multiplier on Announcement Date
31/12/08 30/09/08 30/06/08 31/03/08 31/12/07 30/09/07 30/06/07 CAGR
Date 11/02/09 06/11/08 07/08/08 07/05/08 13/02/08 06/11/07 02/08/07 -
Price 9.00 8.35 9.00 8.45 7.75 7.75 7.30 -
P/RPS 0.88 0.82 0.92 0.88 0.85 0.96 1.01 -8.73%
P/EPS 18.51 17.74 18.09 17.67 17.36 18.06 17.28 4.66%
EY 5.40 5.64 5.53 5.66 5.76 5.54 5.79 -4.52%
DY 4.45 4.80 4.42 4.71 4.41 4.41 4.54 -1.32%
P/NAPS 2.61 2.52 2.85 2.62 2.30 2.38 2.36 6.91%

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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