[TM] QoQ TTM Result on 31-Mar-2004 [#1]

Announcement Date
26-May-2004
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2004
Quarter
31-Mar-2004 [#1]
Profit Trend
QoQ- 16.36%
YoY- 88.52%
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TTM Result
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
Revenue 13,250,900 12,985,804 13,008,052 12,715,408 11,796,350 11,159,764 10,345,525 17.85%
PBT 3,172,839 2,740,365 2,674,352 2,085,363 1,810,452 1,545,883 1,503,267 64.16%
Tax -559,379 -451,345 -382,117 -467,416 -420,038 -552,585 -616,141 -6.21%
NP 2,613,460 2,289,020 2,292,235 1,617,947 1,390,414 993,298 887,126 104.83%
-
NP to SH 2,613,460 2,289,020 2,292,235 1,617,947 1,390,414 993,298 887,126 104.83%
-
Tax Rate 17.63% 16.47% 14.29% 22.41% 23.20% 35.75% 40.99% -
Total Cost 10,637,440 10,696,784 10,715,817 11,097,461 10,405,936 10,166,466 9,458,399 8.10%
-
Net Worth 15,359,846 14,483,340 14,347,411 13,660,595 12,606,204 11,953,299 11,381,963 22.00%
Dividend
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
Div 1,009,661 978,939 978,939 644,851 644,851 314,869 314,869 116.68%
Div Payout % 38.63% 42.77% 42.71% 39.86% 46.38% 31.70% 35.49% -
Equity
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
Net Worth 15,359,846 14,483,340 14,347,411 13,660,595 12,606,204 11,953,299 11,381,963 22.00%
NOSH 3,377,868 3,367,122 3,340,880 3,293,058 3,224,258 3,203,778 3,157,534 4.57%
Ratio Analysis
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
NP Margin 19.72% 17.63% 17.62% 12.72% 11.79% 8.90% 8.57% -
ROE 17.01% 15.80% 15.98% 11.84% 11.03% 8.31% 7.79% -
Per Share
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
RPS 392.29 385.66 389.36 386.13 365.86 348.33 327.65 12.69%
EPS 77.37 67.98 68.61 49.13 43.12 31.00 28.10 95.84%
DPS 29.89 29.07 29.30 19.58 20.00 10.00 10.00 106.81%
NAPS 4.5472 4.3014 4.2945 4.1483 3.9098 3.731 3.6047 16.66%
Adjusted Per Share Value based on latest NOSH - 3,293,058
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
RPS 345.28 338.37 338.95 331.33 307.38 290.79 269.58 17.85%
EPS 68.10 59.65 59.73 42.16 36.23 25.88 23.12 104.81%
DPS 26.31 25.51 25.51 16.80 16.80 8.20 8.20 116.77%
NAPS 4.0024 3.774 3.7385 3.5596 3.2848 3.1147 2.9658 22.00%
Price Multiplier on Financial Quarter End Date
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
Date 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 -
Price 5.80 5.60 5.15 5.15 4.20 3.67 3.92 -
P/RPS 1.48 1.45 1.32 1.33 1.15 1.05 1.20 14.93%
P/EPS 7.50 8.24 7.51 10.48 9.74 11.84 13.95 -33.75%
EY 13.34 12.14 13.32 9.54 10.27 8.45 7.17 50.98%
DY 5.15 5.19 5.69 3.80 4.76 2.72 2.55 59.43%
P/NAPS 1.28 1.30 1.20 1.24 1.07 0.98 1.09 11.25%
Price Multiplier on Announcement Date
31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 CAGR
Date 24/02/05 30/11/04 24/08/04 26/05/04 26/02/04 21/11/03 26/08/03 -
Price 5.30 6.00 5.05 4.75 5.25 4.18 3.95 -
P/RPS 1.35 1.56 1.30 1.23 1.43 1.20 1.21 7.53%
P/EPS 6.85 8.83 7.36 9.67 12.17 13.48 14.06 -37.94%
EY 14.60 11.33 13.59 10.34 8.21 7.42 7.11 61.20%
DY 5.64 4.85 5.80 4.12 3.81 2.39 2.53 70.23%
P/NAPS 1.17 1.39 1.18 1.15 1.34 1.12 1.10 4.17%

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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