Sales in the first half increased sharply over the preceding year same period with export growth of Philippine STL and merger with Hwasin Connector. Net profit was posted as operating income in the first half increased over the preceding year same period with fixed cost distributed by sharp sales growth while cost structure is improved. Financial structure is slightly inferior to industry average. Sales and profit growth is expected as synergy is expected from merger with Hwasin Conner in May 2008. Performance will improve with stable sales growth of chemical unit and growth of STL unit. Active performance will continue as growth base has been secured by merger and non-performing assets have been liquidated.
Headquarters
3RD FL.,CHEONGHO BLDG.,97-7, NONHYEON 2-DONG, GANGNAM-GU, SEOUL
Seoul; Seoul;
Postal Code: 150872
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Website: http://www.mijucni.co.kr
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