[APM] QoQ TTM Result on 30-Sep-2003 [#3]

Announcement Date
14-Nov-2003
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2003
Quarter
30-Sep-2003 [#3]
Profit Trend
QoQ- -8.19%
YoY- -27.08%
Quarter Report
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TTM Result
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
Revenue 707,500 682,915 666,144 683,335 683,178 696,038 696,038 1.09%
PBT 69,098 65,817 64,480 66,805 71,677 82,647 91,586 -17.13%
Tax -16,029 -15,846 -15,800 -14,591 -14,803 -17,556 -19,999 -13.72%
NP 53,069 49,971 48,680 52,214 56,874 65,091 71,587 -18.10%
-
NP to SH 53,069 49,971 48,680 52,214 56,874 65,091 71,587 -18.10%
-
Tax Rate 23.20% 24.08% 24.50% 21.84% 20.65% 21.24% 21.84% -
Total Cost 654,431 632,944 617,464 631,121 626,304 630,947 624,451 3.17%
-
Net Worth 413,050 415,063 402,938 400,913 384,328 378,706 368,916 7.83%
Dividend
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
Div 22,162 22,149 22,149 24,172 24,172 28,216 28,216 -14.88%
Div Payout % 41.76% 44.32% 45.50% 46.30% 42.50% 43.35% 39.42% -
Equity
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
Net Worth 413,050 415,063 402,938 400,913 384,328 378,706 368,916 7.83%
NOSH 201,488 201,487 201,469 201,464 201,219 201,439 201,593 -0.03%
Ratio Analysis
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
NP Margin 7.50% 7.32% 7.31% 7.64% 8.32% 9.35% 10.28% -
ROE 12.85% 12.04% 12.08% 13.02% 14.80% 17.19% 19.40% -
Per Share
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
RPS 351.14 338.94 330.64 339.18 339.52 345.53 345.27 1.13%
EPS 26.34 24.80 24.16 25.92 28.26 32.31 35.51 -18.07%
DPS 11.00 11.00 11.00 12.00 12.00 14.00 14.00 -14.86%
NAPS 2.05 2.06 2.00 1.99 1.91 1.88 1.83 7.86%
Adjusted Per Share Value based on latest NOSH - 201,464
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
RPS 350.94 338.75 330.43 338.96 338.88 345.26 345.26 1.09%
EPS 26.32 24.79 24.15 25.90 28.21 32.29 35.51 -18.11%
DPS 10.99 10.99 10.99 11.99 11.99 14.00 14.00 -14.91%
NAPS 2.0489 2.0588 1.9987 1.9887 1.9064 1.8785 1.8299 7.83%
Price Multiplier on Financial Quarter End Date
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
Date 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 -
Price 2.50 2.60 2.80 2.73 2.83 2.50 3.04 -
P/RPS 0.71 0.77 0.85 0.80 0.83 0.72 0.88 -13.34%
P/EPS 9.49 10.48 11.59 10.53 10.01 7.74 8.56 7.12%
EY 10.54 9.54 8.63 9.49 9.99 12.93 11.68 -6.62%
DY 4.40 4.23 3.93 4.40 4.24 5.60 4.61 -3.06%
P/NAPS 1.22 1.26 1.40 1.37 1.48 1.33 1.66 -18.57%
Price Multiplier on Announcement Date
30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 31/12/02 CAGR
Date 12/08/04 31/05/04 25/02/04 14/11/03 13/08/03 21/05/03 26/02/03 -
Price 2.50 2.54 2.73 2.78 2.96 2.50 2.86 -
P/RPS 0.71 0.75 0.83 0.82 0.87 0.72 0.83 -9.89%
P/EPS 9.49 10.24 11.30 10.73 10.47 7.74 8.05 11.60%
EY 10.54 9.76 8.85 9.32 9.55 12.93 12.42 -10.37%
DY 4.40 4.33 4.03 4.32 4.05 5.60 4.90 -6.93%
P/NAPS 1.22 1.23 1.37 1.40 1.55 1.33 1.56 -15.12%

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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