Sales in the first half decreased with orders reduced by severe competition of local SI market though a contract has been awarded for exporting medical information system to Japan. Large loss was posted with increased cost by reduced sales and inefficient sales cost. Borrowings increased to raise operational funds with poor performance but not to a level to worry. Growth is expected with stable customer base as MOU has been signed with Aspen Bio Fuel, world leading bio diesel company in USA, for sale of Jatropha curcas extracted oil. Profitability needs be urgently improved as growth of newly started business lines is unlikely with severe competition of SI industry. Expected to strengthen alternative energy line by selling equity shares of AGB Energy, Indonesia subsidiary, to launch bio diesel line.
Headquarters
RM.602,324-1, YANGJAE 2-DONG, SEOCHO-GU, SEOUL
Seoul; Seoul;
Postal Code: 445812
Contact Details: Purchase the BRN Science Co., Ltd. report to view the information.
Website: http://www.icmnet.co.kr
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