Ever Techno Co., Ltd. (South Korea)

Sales climbed, due to relevant equipment order increase, owing to solid investment expansion of display and semiconductor materials companies. Firm turned into surplus, owing to ease in fixed cost burden including selling and administrative expenses, in view of economies of scale, arising from operation rate increase, due to production expansion. Various stability indicators improved, compared to last year, because of expanded capital size, according to increase in earned surplus, deriving from turning into surplus, and capital adjustment, according to revaluation of land asset. Biz revenue growth is forecast, thanks to solid investment from the semiconductor industry, sales upbeat in the solar energy equipment and stage biz, and sales generation of new biz FPCB. Profitability improvement is not likely easy, because of pressures to increase various raw materials and expenses, according to inflation pressure, despite sales augmentation. Non-operating balance is predicted to go down, in view of expected interest expense burden expansion, as the firm issued BW for the purpose of procuring working capital.