[MSNIAGA] QoQ TTM Result on 30-Jun-2004 [#2]

Announcement Date
05-Aug-2004
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2004
Quarter
30-Jun-2004 [#2]
Profit Trend
QoQ- -0.9%
YoY- -5.54%
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TTM Result
31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 CAGR
Revenue 274,619 297,380 301,250 308,214 303,970 269,742 244,493 8.04%
PBT 23,651 23,482 25,144 27,032 27,540 27,029 27,366 -9.26%
Tax -7,431 -7,428 -7,577 -8,168 -8,505 -8,408 -7,727 -2.56%
NP 16,220 16,054 17,567 18,864 19,035 18,621 19,639 -11.96%
-
NP to SH 16,113 16,054 17,567 18,864 19,035 18,621 19,639 -12.34%
-
Tax Rate 31.42% 31.63% 30.13% 30.22% 30.88% 31.11% 28.24% -
Total Cost 258,399 281,326 283,683 289,350 284,935 251,121 224,854 9.70%
-
Net Worth 162,528 160,405 148,572 146,816 148,106 144,970 137,628 11.71%
Dividend
31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 CAGR
Div - - - - - - - -
Div Payout % - - - - - - - -
Equity
31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 CAGR
Net Worth 162,528 160,405 148,572 146,816 148,106 144,970 137,628 11.71%
NOSH 60,419 60,530 60,395 60,418 60,451 60,404 60,363 0.06%
Ratio Analysis
31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 CAGR
NP Margin 5.91% 5.40% 5.83% 6.12% 6.26% 6.90% 8.03% -
ROE 9.91% 10.01% 11.82% 12.85% 12.85% 12.84% 14.27% -
Per Share
31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 CAGR
RPS 454.52 491.29 498.80 510.13 502.83 446.56 405.04 7.97%
EPS 26.67 26.52 29.09 31.22 31.49 30.83 32.53 -12.39%
DPS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
NAPS 2.69 2.65 2.46 2.43 2.45 2.40 2.28 11.64%
Adjusted Per Share Value based on latest NOSH - 60,418
31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 CAGR
RPS 454.90 492.61 499.02 510.55 503.52 446.83 405.00 8.04%
EPS 26.69 26.59 29.10 31.25 31.53 30.85 32.53 -12.34%
DPS 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
NAPS 2.6923 2.6571 2.4611 2.432 2.4534 2.4014 2.2798 11.71%
Price Multiplier on Financial Quarter End Date
31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 CAGR
Date 31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 -
Price 3.00 3.54 3.92 3.70 4.54 5.10 4.82 -
P/RPS 0.66 0.72 0.79 0.73 0.90 1.14 1.19 -32.47%
P/EPS 11.25 13.35 13.48 11.85 14.42 16.54 14.81 -16.73%
EY 8.89 7.49 7.42 8.44 6.94 6.04 6.75 20.13%
DY 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
P/NAPS 1.12 1.34 1.59 1.52 1.85 2.12 2.11 -34.41%
Price Multiplier on Announcement Date
31/03/05 31/12/04 30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 CAGR
Date 04/05/05 25/02/05 02/11/04 05/08/04 29/04/04 26/02/04 03/11/03 -
Price 2.80 3.34 3.66 3.86 4.30 4.80 5.25 -
P/RPS 0.62 0.68 0.73 0.76 0.86 1.07 1.30 -38.93%
P/EPS 10.50 12.59 12.58 12.36 13.66 15.57 16.14 -24.90%
EY 9.52 7.94 7.95 8.09 7.32 6.42 6.20 33.06%
DY 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -
P/NAPS 1.04 1.26 1.49 1.59 1.76 2.00 2.30 -41.05%

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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