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

Announcement Date
20-Nov-2003
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2003
Quarter
30-Sep-2003 [#3]
Profit Trend
QoQ- 15.61%
YoY- 28.8%
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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 1,765,526 1,769,593 1,747,997 1,712,020 1,668,539 1,641,651 1,674,005 3.61%
PBT 166,632 185,393 156,210 125,219 109,709 80,858 101,495 39.21%
Tax -37,318 -43,193 -37,234 -26,254 -24,107 -16,736 -18,110 62.00%
NP 129,314 142,200 118,976 98,965 85,602 64,122 83,385 34.01%
-
NP to SH 129,314 142,200 118,976 98,965 85,602 64,122 83,385 34.01%
-
Tax Rate 22.40% 23.30% 23.84% 20.97% 21.97% 20.70% 17.84% -
Total Cost 1,636,212 1,627,393 1,629,021 1,613,055 1,582,937 1,577,529 1,590,620 1.90%
-
Net Worth 1,903,326 2,085,299 2,023,386 1,918,474 1,943,618 1,991,388 2,018,382 -3.84%
Dividend
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
Div 57,811 57,811 57,811 43,251 43,251 43,251 43,251 21.36%
Div Payout % 44.71% 40.65% 48.59% 43.70% 50.53% 67.45% 51.87% -
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 1,903,326 2,085,299 2,023,386 1,918,474 1,943,618 1,991,388 2,018,382 -3.84%
NOSH 2,758,444 2,978,999 2,890,552 2,821,285 2,900,923 2,972,222 2,883,404 -2.91%
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 7.32% 8.04% 6.81% 5.78% 5.13% 3.91% 4.98% -
ROE 6.79% 6.82% 5.88% 5.16% 4.40% 3.22% 4.13% -
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 64.00 59.40 60.47 60.68 57.52 55.23 58.06 6.71%
EPS 4.69 4.77 4.12 3.51 2.95 2.16 2.89 38.13%
DPS 2.10 1.94 2.00 1.53 1.49 1.46 1.50 25.17%
NAPS 0.69 0.70 0.70 0.68 0.67 0.67 0.70 -0.95%
Adjusted Per Share Value based on latest NOSH - 2,821,285
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
RPS 132.01 132.31 130.69 128.00 124.75 122.74 125.16 3.61%
EPS 9.67 10.63 8.90 7.40 6.40 4.79 6.23 34.09%
DPS 4.32 4.32 4.32 3.23 3.23 3.23 3.23 21.41%
NAPS 1.4231 1.5591 1.5129 1.4344 1.4532 1.4889 1.5091 -3.83%
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 2.72 2.93 3.00 2.62 2.25 2.43 2.57 -
P/RPS 4.25 4.93 4.96 4.32 3.91 4.40 4.43 -2.72%
P/EPS 58.02 61.38 72.89 74.69 76.25 112.64 88.87 -24.76%
EY 1.72 1.63 1.37 1.34 1.31 0.89 1.13 32.35%
DY 0.77 0.66 0.67 0.59 0.66 0.60 0.58 20.81%
P/NAPS 3.94 4.19 4.29 3.85 3.36 3.63 3.67 4.85%
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 27/08/04 13/05/04 24/02/04 20/11/03 21/08/03 26/05/03 28/02/03 -
Price 2.63 2.63 3.53 3.00 2.43 2.27 2.42 -
P/RPS 4.11 4.43 5.84 4.94 4.22 4.11 4.17 -0.96%
P/EPS 56.10 55.10 85.76 85.52 82.35 105.22 83.68 -23.41%
EY 1.78 1.81 1.17 1.17 1.21 0.95 1.19 30.82%
DY 0.80 0.74 0.57 0.51 0.61 0.64 0.62 18.54%
P/NAPS 3.81 3.76 5.04 4.41 3.63 3.39 3.46 6.64%

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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