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

Announcement Date
26-Feb-2004
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2003
Quarter
31-Dec-2003 [#4]
Profit Trend
QoQ- 39.98%
YoY- 64.69%
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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 12,985,804 13,008,052 12,715,408 11,796,350 11,159,764 10,345,525 9,856,131 20.12%
PBT 2,740,365 2,674,352 2,085,363 1,810,452 1,545,883 1,503,267 1,511,502 48.52%
Tax -451,345 -382,117 -467,416 -420,038 -552,585 -616,141 -653,259 -21.79%
NP 2,289,020 2,292,235 1,617,947 1,390,414 993,298 887,126 858,243 91.97%
-
NP to SH 2,289,020 2,292,235 1,617,947 1,390,414 993,298 887,126 858,243 91.97%
-
Tax Rate 16.47% 14.29% 22.41% 23.20% 35.75% 40.99% 43.22% -
Total Cost 10,696,784 10,715,817 11,097,461 10,405,936 10,166,466 9,458,399 8,997,888 12.18%
-
Net Worth 14,483,340 14,347,411 13,660,595 12,606,204 11,953,299 11,381,963 14,075,216 1.91%
Dividend
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
Div 978,939 978,939 644,851 644,851 314,869 314,869 314,869 112.57%
Div Payout % 42.77% 42.71% 39.86% 46.38% 31.70% 35.49% 36.69% -
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 14,483,340 14,347,411 13,660,595 12,606,204 11,953,299 11,381,963 14,075,216 1.91%
NOSH 3,367,122 3,340,880 3,293,058 3,224,258 3,203,778 3,157,534 3,177,249 3.93%
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 17.63% 17.62% 12.72% 11.79% 8.90% 8.57% 8.71% -
ROE 15.80% 15.98% 11.84% 11.03% 8.31% 7.79% 6.10% -
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 385.66 389.36 386.13 365.86 348.33 327.65 310.21 15.57%
EPS 67.98 68.61 49.13 43.12 31.00 28.10 27.01 84.71%
DPS 29.07 29.30 19.58 20.00 10.00 10.00 10.00 103.29%
NAPS 4.3014 4.2945 4.1483 3.9098 3.731 3.6047 4.43 -1.93%
Adjusted Per Share Value based on latest NOSH - 3,224,258
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
RPS 338.44 339.02 331.39 307.44 290.85 269.63 256.87 20.12%
EPS 59.66 59.74 42.17 36.24 25.89 23.12 22.37 91.97%
DPS 25.51 25.51 16.81 16.81 8.21 8.21 8.21 112.49%
NAPS 3.7747 3.7393 3.5603 3.2855 3.1153 2.9664 3.6683 1.91%
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 5.60 5.15 5.15 4.20 3.67 3.92 3.58 -
P/RPS 1.45 1.32 1.33 1.15 1.05 1.20 1.15 16.66%
P/EPS 8.24 7.51 10.48 9.74 11.84 13.95 13.25 -27.07%
EY 12.14 13.32 9.54 10.27 8.45 7.17 7.55 37.13%
DY 5.19 5.69 3.80 4.76 2.72 2.55 2.79 51.08%
P/NAPS 1.30 1.20 1.24 1.07 0.98 1.09 0.81 36.96%
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 30/11/04 24/08/04 26/05/04 26/02/04 21/11/03 26/08/03 27/05/03 -
Price 6.00 5.05 4.75 5.25 4.18 3.95 3.78 -
P/RPS 1.56 1.30 1.23 1.43 1.20 1.21 1.22 17.75%
P/EPS 8.83 7.36 9.67 12.17 13.48 14.06 13.99 -26.35%
EY 11.33 13.59 10.34 8.21 7.42 7.11 7.15 35.80%
DY 4.85 5.80 4.12 3.81 2.39 2.53 2.65 49.45%
P/NAPS 1.39 1.18 1.15 1.34 1.12 1.10 0.85 38.67%

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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