[MIECO] QoQ TTM Result on 30-Sep-2004 [#3]

Announcement Date
26-Nov-2004
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2004
Quarter
30-Sep-2004 [#3]
Profit Trend
QoQ- -1.97%
YoY- 5.11%
Quarter Report
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TTM Result
30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 CAGR
Revenue 250,982 244,777 236,656 216,863 206,211 192,760 182,319 23.77%
PBT 29,343 38,398 38,418 32,547 31,685 31,026 29,632 -0.65%
Tax -8,628 -11,801 -7,930 -3,302 -1,852 1,348 2,139 -
NP 20,715 26,597 30,488 29,245 29,833 32,374 31,771 -24.82%
-
NP to SH 20,715 26,597 30,488 29,245 29,833 32,374 31,771 -24.82%
-
Tax Rate 29.40% 30.73% 20.64% 10.15% 5.85% -4.34% -7.22% -
Total Cost 230,267 218,180 206,168 187,618 176,378 160,386 150,548 32.78%
-
Net Worth 346,000 379,220 375,984 367,700 356,762 352,413 346,410 -0.07%
Dividend
30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 CAGR
Div 15,753 15,753 15,753 15,745 15,745 15,745 15,745 0.03%
Div Payout % 76.05% 59.23% 51.67% 53.84% 52.78% 48.64% 49.56% -
Equity
30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 CAGR
Net Worth 346,000 379,220 375,984 367,700 356,762 352,413 346,410 -0.07%
NOSH 200,000 210,677 210,046 210,114 209,860 209,769 209,945 -3.18%
Ratio Analysis
30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 CAGR
NP Margin 8.25% 10.87% 12.88% 13.49% 14.47% 16.79% 17.43% -
ROE 5.99% 7.01% 8.11% 7.95% 8.36% 9.19% 9.17% -
Per Share
30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 CAGR
RPS 125.49 116.19 112.67 103.21 98.26 91.89 86.84 27.84%
EPS 10.36 12.62 14.51 13.92 14.22 15.43 15.13 -22.33%
DPS 7.88 7.50 7.50 7.50 7.50 7.50 7.50 3.35%
NAPS 1.73 1.80 1.79 1.75 1.70 1.68 1.65 3.20%
Adjusted Per Share Value based on latest NOSH - 210,114
30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 CAGR
RPS 25.10 24.48 23.67 21.69 20.62 19.28 18.23 23.78%
EPS 2.07 2.66 3.05 2.92 2.98 3.24 3.18 -24.91%
DPS 1.58 1.58 1.58 1.57 1.57 1.57 1.57 0.42%
NAPS 0.346 0.3792 0.376 0.3677 0.3568 0.3524 0.3464 -0.07%
Price Multiplier on Financial Quarter End Date
30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 CAGR
Date 30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 -
Price 2.16 2.20 2.52 2.55 2.77 2.72 2.20 -
P/RPS 1.72 1.89 2.24 2.47 2.82 2.96 2.53 -22.70%
P/EPS 20.85 17.43 17.36 18.32 19.49 17.62 14.54 27.19%
EY 4.80 5.74 5.76 5.46 5.13 5.67 6.88 -21.35%
DY 3.65 3.41 2.98 2.94 2.71 2.76 3.41 4.64%
P/NAPS 1.25 1.22 1.41 1.46 1.63 1.62 1.33 -4.05%
Price Multiplier on Announcement Date
30/06/05 31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 CAGR
Date 29/08/05 24/05/05 25/02/05 26/11/04 20/08/04 24/05/04 26/02/04 -
Price 1.90 1.85 2.31 2.70 2.42 2.39 2.95 -
P/RPS 1.51 1.59 2.05 2.62 2.46 2.60 3.40 -41.81%
P/EPS 18.34 14.65 15.91 19.40 17.02 15.49 19.49 -3.97%
EY 5.45 6.82 6.28 5.16 5.87 6.46 5.13 4.12%
DY 4.15 4.05 3.25 2.78 3.10 3.14 2.54 38.76%
P/NAPS 1.10 1.03 1.29 1.54 1.42 1.42 1.79 -27.74%

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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