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

Announcement Date
24-Feb-2004
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2003
Quarter
31-Dec-2003 [#4]
Profit Trend
QoQ- 11.83%
YoY- 28.48%
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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 401,826 380,630 350,142 324,910 301,704 280,842 272,814 29.36%
PBT 77,158 64,686 52,512 47,444 43,767 40,783 39,957 54.88%
Tax -8,590 -6,710 -4,800 -4,809 -5,643 -5,252 -5,708 31.22%
NP 68,568 57,976 47,712 42,635 38,124 35,531 34,249 58.64%
-
NP to SH 68,568 57,976 47,712 42,635 38,124 35,531 34,249 58.64%
-
Tax Rate 11.13% 10.37% 9.14% 10.14% 12.89% 12.88% 14.29% -
Total Cost 333,258 322,654 302,430 282,275 263,580 245,311 238,565 24.88%
-
Net Worth 403,737 379,963 373,913 239,711 342,631 330,864 330,970 14.12%
Dividend
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
Div - - 7,192 7,192 7,192 7,192 11,192 -
Div Payout % - - 15.08% 16.87% 18.87% 20.24% 32.68% -
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 403,737 379,963 373,913 239,711 342,631 330,864 330,970 14.12%
NOSH 238,897 238,970 239,688 239,711 239,602 239,757 239,833 -0.25%
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 17.06% 15.23% 13.63% 13.12% 12.64% 12.65% 12.55% -
ROE 16.98% 15.26% 12.76% 17.79% 11.13% 10.74% 10.35% -
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 168.20 159.28 146.08 135.54 125.92 117.14 113.75 29.70%
EPS 28.70 24.26 19.91 17.79 15.91 14.82 14.28 59.05%
DPS 0.00 0.00 3.00 3.00 3.00 3.00 4.67 -
NAPS 1.69 1.59 1.56 1.00 1.43 1.38 1.38 14.42%
Adjusted Per Share Value based on latest NOSH - 239,711
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
RPS 167.43 158.60 145.89 135.38 125.71 117.02 113.67 29.36%
EPS 28.57 24.16 19.88 17.76 15.89 14.80 14.27 58.65%
DPS 0.00 0.00 3.00 3.00 3.00 3.00 4.66 -
NAPS 1.6822 1.5832 1.558 0.9988 1.4276 1.3786 1.379 14.12%
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 1.84 1.80 1.98 1.77 1.55 1.57 1.33 -
P/RPS 1.09 1.13 1.36 1.31 1.23 1.34 1.17 -4.59%
P/EPS 6.41 7.42 9.95 9.95 9.74 10.59 9.31 -21.97%
EY 15.60 13.48 10.05 10.05 10.27 9.44 10.74 28.16%
DY 0.00 0.00 1.52 1.69 1.94 1.91 3.51 -
P/NAPS 1.09 1.13 1.27 1.77 1.08 1.14 0.96 8.81%
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 24/11/04 19/08/04 20/05/04 24/02/04 21/11/03 21/08/03 28/05/03 -
Price 1.90 1.85 1.90 1.88 1.66 1.59 1.50 -
P/RPS 1.13 1.16 1.30 1.39 1.32 1.36 1.32 -9.81%
P/EPS 6.62 7.63 9.54 10.57 10.43 10.73 10.50 -26.41%
EY 15.11 13.11 10.48 9.46 9.59 9.32 9.52 35.95%
DY 0.00 0.00 1.58 1.60 1.81 1.89 3.11 -
P/NAPS 1.12 1.16 1.22 1.88 1.16 1.15 1.09 1.82%

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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