Sales increased over the preceding year same period with selling prices raised while demand for thick plate increased for active shipbuilding business. Plus operating income was posted with fixed cost reduced by increased sales while material hot drawn coil price hike was reflected product prices. Net profit increased over the preceding year same period as non-operating income sharply increased with grains from currency translation and disposal of trading securities. Sales of thin and thick plates will increase as shipbuilding companies have secured over three years jobs and automobile companies continue growth. Operating income will increase as steel price will rise thanks to China control of export while the company strives to reduce sales and admin expenses. Financial restructuring is required as debt ratio is high and minus operating cash flow is posted.
Headquarters
1851, JANGHEUNG-DONG, NAM-GU, POHANG-SI, GYEONGSANGBUK-DO
Gyeongsan; Gyeongsangbuk;
Postal Code: 790240
Contact Details: Purchase the Woo Kyung Co., Ltd. report to view the information.
Website: http://www.wookyungsteel.co.kr
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