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

Announcement Date
25-Feb-2004
Admission Sponsor
-
Sponsor
-
Financial Year
31-Dec-2003
Quarter
31-Dec-2003 [#4]
Profit Trend
QoQ- -6.77%
YoY- -32.0%
Quarter Report
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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 737,359 707,500 682,915 666,144 683,335 683,178 696,038 3.90%
PBT 70,076 69,098 65,817 64,480 66,805 71,677 82,647 -10.38%
Tax -17,325 -16,029 -15,846 -15,800 -14,591 -14,803 -17,556 -0.87%
NP 52,751 53,069 49,971 48,680 52,214 56,874 65,091 -13.04%
-
NP to SH 52,751 53,069 49,971 48,680 52,214 56,874 65,091 -13.04%
-
Tax Rate 24.72% 23.20% 24.08% 24.50% 21.84% 20.65% 21.24% -
Total Cost 684,608 654,431 632,944 617,464 631,121 626,304 630,947 5.57%
-
Net Worth 432,736 413,050 415,063 402,938 400,913 384,328 378,706 9.27%
Dividend
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
Div 22,162 22,162 22,149 22,149 24,172 24,172 28,216 -14.83%
Div Payout % 42.01% 41.76% 44.32% 45.50% 46.30% 42.50% 43.35% -
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 432,736 413,050 415,063 402,938 400,913 384,328 378,706 9.27%
NOSH 201,272 201,488 201,487 201,469 201,464 201,219 201,439 -0.05%
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 7.15% 7.50% 7.32% 7.31% 7.64% 8.32% 9.35% -
ROE 12.19% 12.85% 12.04% 12.08% 13.02% 14.80% 17.19% -
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 366.35 351.14 338.94 330.64 339.18 339.52 345.53 3.96%
EPS 26.21 26.34 24.80 24.16 25.92 28.26 32.31 -12.98%
DPS 11.00 11.00 11.00 11.00 12.00 12.00 14.00 -14.81%
NAPS 2.15 2.05 2.06 2.00 1.99 1.91 1.88 9.33%
Adjusted Per Share Value based on latest NOSH - 201,469
30/09/04 30/06/04 31/03/04 31/12/03 30/09/03 30/06/03 31/03/03 CAGR
RPS 365.75 350.94 338.75 330.43 338.96 338.88 345.26 3.90%
EPS 26.17 26.32 24.79 24.15 25.90 28.21 32.29 -13.03%
DPS 10.99 10.99 10.99 10.99 11.99 11.99 14.00 -14.86%
NAPS 2.1465 2.0489 2.0588 1.9987 1.9887 1.9064 1.8785 9.27%
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 2.43 2.50 2.60 2.80 2.73 2.83 2.50 -
P/RPS 0.66 0.71 0.77 0.85 0.80 0.83 0.72 -5.62%
P/EPS 9.27 9.49 10.48 11.59 10.53 10.01 7.74 12.74%
EY 10.79 10.54 9.54 8.63 9.49 9.99 12.93 -11.33%
DY 4.53 4.40 4.23 3.93 4.40 4.24 5.60 -13.14%
P/NAPS 1.13 1.22 1.26 1.40 1.37 1.48 1.33 -10.26%
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 18/11/04 12/08/04 31/05/04 25/02/04 14/11/03 13/08/03 21/05/03 -
Price 2.40 2.50 2.54 2.73 2.78 2.96 2.50 -
P/RPS 0.66 0.71 0.75 0.83 0.82 0.87 0.72 -5.62%
P/EPS 9.16 9.49 10.24 11.30 10.73 10.47 7.74 11.85%
EY 10.92 10.54 9.76 8.85 9.32 9.55 12.93 -10.62%
DY 4.58 4.40 4.33 4.03 4.32 4.05 5.60 -12.51%
P/NAPS 1.12 1.22 1.23 1.37 1.40 1.55 1.33 -10.79%

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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