[PANAMY] QoQ TTM Result on 30-Sep-2003 [#2]

Announcement Date
13-Nov-2003
Admission Sponsor
-
Sponsor
-
Financial Year
31-Mar-2004
Quarter
30-Sep-2003 [#2]
Profit Trend
QoQ- -6.51%
YoY- 38.11%
Quarter Report
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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 763,499 768,148 789,770 787,420 790,388 809,893 795,036 -2.66%
PBT 35,292 63,109 57,481 60,893 69,758 73,477 41,024 -9.55%
Tax -6,414 -9,500 -212 -3,324 -8,178 -9,301 3,632 -
NP 28,878 53,609 57,269 57,569 61,580 64,176 44,656 -25.23%
-
NP to SH 28,878 53,609 57,269 57,569 61,580 64,176 44,656 -25.23%
-
Tax Rate 18.17% 15.05% 0.37% 5.46% 11.72% 12.66% -8.85% -
Total Cost 734,621 714,539 732,501 729,851 728,808 745,717 750,380 -1.40%
-
Net Worth 586,714 622,634 614,767 602,107 604,264 587,927 563,839 2.68%
Dividend
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
Div 18,223 18,223 33,406 30,370 33,926 33,926 22,153 -12.21%
Div Payout % 63.11% 33.99% 58.33% 52.75% 55.09% 52.86% 49.61% -
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 586,714 622,634 614,767 602,107 604,264 587,927 563,839 2.68%
NOSH 60,736 60,744 60,747 60,757 60,730 60,736 60,758 -0.02%
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 3.78% 6.98% 7.25% 7.31% 7.79% 7.92% 5.62% -
ROE 4.92% 8.61% 9.32% 9.56% 10.19% 10.92% 7.92% -
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 1,257.07 1,264.55 1,300.08 1,296.00 1,301.48 1,333.46 1,308.52 -2.64%
EPS 47.55 88.25 94.27 94.75 101.40 105.66 73.50 -25.21%
DPS 30.00 30.00 55.00 50.00 55.86 55.86 36.46 -12.20%
NAPS 9.66 10.25 10.12 9.91 9.95 9.68 9.28 2.71%
Adjusted Per Share Value based on latest NOSH - 60,757
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
RPS 1,237.94 1,245.48 1,280.54 1,276.72 1,281.54 1,313.16 1,289.07 -2.66%
EPS 46.82 86.92 92.86 93.34 99.85 104.06 72.41 -25.24%
DPS 29.55 29.55 54.17 49.24 55.01 55.01 35.92 -12.21%
NAPS 9.513 10.0954 9.9679 9.7626 9.7976 9.5327 9.1421 2.68%
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 10.20 10.50 10.80 10.60 8.95 7.65 8.65 -
P/RPS 0.81 0.83 0.83 0.82 0.69 0.57 0.66 14.64%
P/EPS 21.45 11.90 11.46 11.19 8.83 7.24 11.77 49.25%
EY 4.66 8.41 8.73 8.94 11.33 13.81 8.50 -33.03%
DY 2.94 2.86 5.09 4.72 6.24 7.30 4.22 -21.42%
P/NAPS 1.06 1.02 1.07 1.07 0.90 0.79 0.93 9.12%
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 24/08/04 26/05/04 19/02/04 13/11/03 29/08/03 27/05/03 21/02/03 -
Price 10.30 10.10 10.50 10.50 11.50 8.25 7.95 -
P/RPS 0.82 0.80 0.81 0.81 0.88 0.62 0.61 21.82%
P/EPS 21.66 11.44 11.14 11.08 11.34 7.81 10.82 58.90%
EY 4.62 8.74 8.98 9.02 8.82 12.81 9.24 -37.03%
DY 2.91 2.97 5.24 4.76 4.86 6.77 4.59 -26.22%
P/NAPS 1.07 0.99 1.04 1.06 1.16 0.85 0.86 15.69%

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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