[VS] QoQ TTM Result on 31-Oct-2005 [#1]

Announcement Date
28-Dec-2005
Admission Sponsor
-
Sponsor
-
Financial Year
31-Jul-2006
Quarter
31-Oct-2005 [#1]
Profit Trend
QoQ- -5.59%
YoY- 7.8%
Quarter Report
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TTM Result
31/07/06 30/04/06 31/01/06 31/10/05 31/07/05 30/04/05 31/01/05 CAGR
Revenue 678,291 668,154 641,204 639,129 672,103 669,667 764,764 -7.70%
PBT 35,912 31,537 22,013 20,886 22,339 26,797 24,865 27.85%
Tax -4,375 -3,786 -2,368 -2,420 -2,535 -5,987 -5,947 -18.55%
NP 31,537 27,751 19,645 18,466 19,804 20,810 18,918 40.72%
-
NP to SH 32,396 28,782 20,091 18,696 19,804 20,810 18,918 43.27%
-
Tax Rate 12.18% 12.00% 10.76% 11.59% 11.35% 22.34% 23.92% -
Total Cost 646,754 640,403 621,559 620,663 652,299 648,857 745,846 -9.08%
-
Net Worth 265,967 264,023 257,258 256,694 244,600 237,500 236,500 8.16%
Dividend
31/07/06 30/04/06 31/01/06 31/10/05 31/07/05 30/04/05 31/01/05 CAGR
Div 14,538 18,829 18,829 11,181 11,181 4,095 4,095 133.26%
Div Payout % 44.88% 65.42% 93.72% 59.81% 56.46% 19.68% 21.65% -
Equity
31/07/06 30/04/06 31/01/06 31/10/05 31/07/05 30/04/05 31/01/05 CAGR
Net Worth 265,967 264,023 257,258 256,694 244,600 237,500 236,500 8.16%
NOSH 137,807 138,232 139,058 139,507 139,771 139,705 137,499 0.14%
Ratio Analysis
31/07/06 30/04/06 31/01/06 31/10/05 31/07/05 30/04/05 31/01/05 CAGR
NP Margin 4.65% 4.15% 3.06% 2.89% 2.95% 3.11% 2.47% -
ROE 12.18% 10.90% 7.81% 7.28% 8.10% 8.76% 8.00% -
Per Share
31/07/06 30/04/06 31/01/06 31/10/05 31/07/05 30/04/05 31/01/05 CAGR
RPS 492.20 483.36 461.10 458.13 480.86 479.34 556.19 -7.84%
EPS 23.51 20.82 14.45 13.40 14.17 14.90 13.76 43.05%
DPS 10.50 13.50 13.50 8.00 8.00 2.93 3.00 131.05%
NAPS 1.93 1.91 1.85 1.84 1.75 1.70 1.72 8.00%
Adjusted Per Share Value based on latest NOSH - 139,507
31/07/06 30/04/06 31/01/06 31/10/05 31/07/05 30/04/05 31/01/05 CAGR
RPS 17.33 17.07 16.38 16.33 17.17 17.11 19.54 -7.71%
EPS 0.83 0.74 0.51 0.48 0.51 0.53 0.48 44.20%
DPS 0.37 0.48 0.48 0.29 0.29 0.10 0.10 139.79%
NAPS 0.0679 0.0674 0.0657 0.0656 0.0625 0.0607 0.0604 8.13%
Price Multiplier on Financial Quarter End Date
31/07/06 30/04/06 31/01/06 31/10/05 31/07/05 30/04/05 31/01/05 CAGR
Date 31/07/06 28/04/06 31/01/06 31/10/05 29/07/05 29/04/05 31/01/05 -
Price 1.40 1.39 1.29 1.20 1.10 1.16 1.40 -
P/RPS 0.28 0.29 0.28 0.26 0.23 0.24 0.25 7.87%
P/EPS 5.96 6.68 8.93 8.95 7.76 7.79 10.18 -30.08%
EY 16.79 14.98 11.20 11.17 12.88 12.84 9.83 43.02%
DY 7.50 9.71 10.47 6.67 7.27 2.53 2.14 131.25%
P/NAPS 0.73 0.73 0.70 0.65 0.63 0.68 0.81 -6.71%
Price Multiplier on Announcement Date
31/07/06 30/04/06 31/01/06 31/10/05 31/07/05 30/04/05 31/01/05 CAGR
Date 26/09/06 30/06/06 23/03/06 28/12/05 29/09/05 30/06/05 31/03/05 -
Price 1.59 1.50 1.37 1.32 1.18 1.18 1.25 -
P/RPS 0.32 0.31 0.30 0.29 0.25 0.25 0.22 28.46%
P/EPS 6.76 7.20 9.48 9.85 8.33 7.92 9.09 -17.96%
EY 14.79 13.88 10.55 10.15 12.01 12.62 11.01 21.81%
DY 6.60 9.00 9.85 6.06 6.78 2.48 2.40 96.64%
P/NAPS 0.82 0.79 0.74 0.72 0.67 0.69 0.73 8.08%

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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