[VS] QoQ TTM Result on 31-Jan-2004 [#2]

Announcement Date
30-Mar-2004
Admission Sponsor
-
Sponsor
-
Financial Year
31-Jul-2004
Quarter
31-Jan-2004 [#2]
Profit Trend
QoQ- 95.62%
YoY- 8.57%
Quarter Report
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TTM Result
31/10/04 31/07/04 30/04/04 31/01/04 31/10/03 31/07/03 30/04/03 CAGR
Revenue 831,574 920,274 996,812 992,252 996,225 985,441 985,513 -10.65%
PBT 22,024 12,822 5,737 16,380 10,361 15,067 24,816 -7.61%
Tax -4,681 -5,895 -2,628 -5,169 -4,630 -6,818 -13,539 -50.58%
NP 17,343 6,927 3,109 11,211 5,731 8,249 11,277 33.06%
-
NP to SH 17,343 6,927 3,109 11,211 5,731 8,249 11,277 33.06%
-
Tax Rate 21.25% 45.98% 45.81% 31.56% 44.69% 45.25% 54.56% -
Total Cost 814,231 913,347 993,703 981,041 990,494 977,192 974,236 -11.22%
-
Net Worth 233,406 223,862 217,249 222,082 221,775 224,361 173,597 21.70%
Dividend
31/10/04 31/07/04 30/04/04 31/01/04 31/10/03 31/07/03 30/04/03 CAGR
Div 4,095 4,095 - - 4,180 4,180 2,380 43.35%
Div Payout % 23.61% 59.12% - - 72.95% 50.68% 21.11% -
Equity
31/10/04 31/07/04 30/04/04 31/01/04 31/10/03 31/07/03 30/04/03 CAGR
Net Worth 233,406 223,862 217,249 222,082 221,775 224,361 173,597 21.70%
NOSH 136,495 136,501 136,634 137,087 138,609 139,354 86,798 35.04%
Ratio Analysis
31/10/04 31/07/04 30/04/04 31/01/04 31/10/03 31/07/03 30/04/03 CAGR
NP Margin 2.09% 0.75% 0.31% 1.13% 0.58% 0.84% 1.14% -
ROE 7.43% 3.09% 1.43% 5.05% 2.58% 3.68% 6.50% -
Per Share
31/10/04 31/07/04 30/04/04 31/01/04 31/10/03 31/07/03 30/04/03 CAGR
RPS 609.23 674.19 729.55 723.81 718.73 707.15 1,135.40 -33.84%
EPS 12.71 5.07 2.28 8.18 4.13 5.92 12.99 -1.43%
DPS 3.00 3.00 0.00 0.00 3.02 3.00 2.74 6.20%
NAPS 1.71 1.64 1.59 1.62 1.60 1.61 2.00 -9.87%
Adjusted Per Share Value based on latest NOSH - 137,087
31/10/04 31/07/04 30/04/04 31/01/04 31/10/03 31/07/03 30/04/03 CAGR
RPS 21.24 23.51 25.46 25.35 25.45 25.17 25.18 -10.67%
EPS 0.44 0.18 0.08 0.29 0.15 0.21 0.29 31.87%
DPS 0.10 0.10 0.00 0.00 0.11 0.11 0.06 40.35%
NAPS 0.0596 0.0572 0.0555 0.0567 0.0567 0.0573 0.0443 21.75%
Price Multiplier on Financial Quarter End Date
31/10/04 31/07/04 30/04/04 31/01/04 31/10/03 31/07/03 30/04/03 CAGR
Date 29/10/04 30/07/04 30/04/04 30/01/04 31/10/03 31/07/03 30/04/03 -
Price 1.18 1.19 1.42 1.53 1.70 1.68 2.43 -
P/RPS 0.19 0.18 0.19 0.21 0.24 0.24 0.21 -6.42%
P/EPS 9.29 23.45 62.41 18.71 41.12 28.38 18.70 -37.14%
EY 10.77 4.26 1.60 5.35 2.43 3.52 5.35 59.09%
DY 2.54 2.52 0.00 0.00 1.77 1.79 1.13 71.17%
P/NAPS 0.69 0.73 0.89 0.94 1.06 1.04 1.22 -31.49%
Price Multiplier on Announcement Date
31/10/04 31/07/04 30/04/04 31/01/04 31/10/03 31/07/03 30/04/03 CAGR
Date 20/12/04 30/09/04 30/06/04 30/03/04 29/12/03 30/09/03 30/05/03 -
Price 1.40 1.11 1.18 1.40 1.55 1.52 2.53 -
P/RPS 0.23 0.16 0.16 0.19 0.22 0.21 0.22 2.99%
P/EPS 11.02 21.87 51.86 17.12 37.49 25.68 19.47 -31.45%
EY 9.08 4.57 1.93 5.84 2.67 3.89 5.14 45.88%
DY 2.14 2.70 0.00 0.00 1.95 1.97 1.08 57.43%
P/NAPS 0.82 0.68 0.74 0.86 0.97 0.94 1.27 -25.19%

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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