[SPRITZER] QoQ TTM Result on 31-Aug-2003 [#1]

Announcement Date
23-Sep-2003
Admission Sponsor
-
Sponsor
-
Financial Year
31-May-2004
Quarter
31-Aug-2003 [#1]
Profit Trend
QoQ- -6.4%
YoY- -20.23%
Quarter Report
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TTM Result
31/05/04 29/02/04 30/11/03 31/08/03 31/05/03 28/02/03 30/11/02 CAGR
Revenue 65,745 62,227 58,411 57,233 54,685 52,355 51,412 17.79%
PBT 5,142 5,172 5,435 6,056 6,218 6,722 6,769 -16.73%
Tax -1,280 -790 -1,424 -1,857 -1,732 -2,249 -1,593 -13.55%
NP 3,862 4,382 4,011 4,199 4,486 4,473 5,176 -17.72%
-
NP to SH 3,862 4,382 4,011 4,199 4,486 4,473 5,176 -17.72%
-
Tax Rate 24.89% 15.27% 26.20% 30.66% 27.85% 33.46% 23.53% -
Total Cost 61,883 57,845 54,400 53,034 50,199 47,882 46,236 21.42%
-
Net Worth 101,446 104,389 104,362 103,941 98,222 101,371 102,546 -0.71%
Dividend
31/05/04 29/02/04 30/11/03 31/08/03 31/05/03 28/02/03 30/11/02 CAGR
Div 1,227 1,227 1,221 1,221 1,221 2,446 1,225 0.10%
Div Payout % 31.80% 28.02% 30.44% 29.08% 27.22% 54.70% 23.68% -
Equity
31/05/04 29/02/04 30/11/03 31/08/03 31/05/03 28/02/03 30/11/02 CAGR
Net Worth 101,446 104,389 104,362 103,941 98,222 101,371 102,546 -0.71%
NOSH 48,920 49,117 48,920 49,042 49,111 48,842 49,039 -0.16%
Ratio Analysis
31/05/04 29/02/04 30/11/03 31/08/03 31/05/03 28/02/03 30/11/02 CAGR
NP Margin 5.87% 7.04% 6.87% 7.34% 8.20% 8.54% 10.07% -
ROE 3.81% 4.20% 3.84% 4.04% 4.57% 4.41% 5.05% -
Per Share
31/05/04 29/02/04 30/11/03 31/08/03 31/05/03 28/02/03 30/11/02 CAGR
RPS 134.39 126.69 119.40 116.70 111.35 107.19 104.84 17.98%
EPS 7.89 8.92 8.20 8.56 9.13 9.16 10.55 -17.59%
DPS 2.50 2.50 2.50 2.50 2.50 5.00 2.50 0.00%
NAPS 2.0737 2.1253 2.1333 2.1194 2.00 2.0755 2.0911 -0.55%
Adjusted Per Share Value based on latest NOSH - 49,042
31/05/04 29/02/04 30/11/03 31/08/03 31/05/03 28/02/03 30/11/02 CAGR
RPS 20.59 19.49 18.29 17.92 17.13 16.40 16.10 17.80%
EPS 1.21 1.37 1.26 1.32 1.40 1.40 1.62 -17.66%
DPS 0.38 0.38 0.38 0.38 0.38 0.77 0.38 0.00%
NAPS 0.3177 0.3269 0.3268 0.3255 0.3076 0.3175 0.3211 -0.70%
Price Multiplier on Financial Quarter End Date
31/05/04 29/02/04 30/11/03 31/08/03 31/05/03 28/02/03 30/11/02 CAGR
Date 31/05/04 27/02/04 28/11/03 29/08/03 30/05/03 28/02/03 29/11/02 -
Price 0.61 0.69 0.59 0.59 0.56 0.53 0.60 -
P/RPS 0.45 0.54 0.49 0.51 0.50 0.49 0.57 -14.56%
P/EPS 7.73 7.73 7.20 6.89 6.13 5.79 5.68 22.78%
EY 12.94 12.93 13.90 14.51 16.31 17.28 17.59 -18.49%
DY 4.10 3.62 4.24 4.24 4.46 9.43 4.17 -1.12%
P/NAPS 0.29 0.32 0.28 0.28 0.28 0.26 0.29 0.00%
Price Multiplier on Announcement Date
31/05/04 29/02/04 30/11/03 31/08/03 31/05/03 28/02/03 30/11/02 CAGR
Date 29/07/04 29/04/04 29/01/04 23/09/03 31/07/03 24/04/03 23/01/03 -
Price 0.64 0.66 0.63 0.59 0.64 0.55 0.57 -
P/RPS 0.48 0.52 0.53 0.51 0.57 0.51 0.54 -7.54%
P/EPS 8.11 7.40 7.68 6.89 7.01 6.01 5.40 31.11%
EY 12.34 13.52 13.01 14.51 14.27 16.65 18.52 -23.69%
DY 3.91 3.79 3.97 4.24 3.91 9.09 4.39 -7.42%
P/NAPS 0.31 0.31 0.30 0.28 0.32 0.26 0.27 9.63%

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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