Operating loss is posted with increased wages and cost while sales decreased with export slow down due to currency fluctuation. Net profit increased over the preceding year as non-operating income increased with gains from disposal of investment shares though sales was slow. Superior capital structure has been secured with cumulative surplus thanks to increased net profit while no borrowing management is demonstrated. Sales and profitability improvement will be limited with rising material prices and pressure continuing on price discount. Business base will be strengthened by diversifying into production and sales of solar battery and modules. Cash flow will be smooth with ample cash assets and low debt ratio.
Headquarters
391-12, CHEONGCHEON 2-DONG, BUPYEONG-GU, INCHEON
Incheon; Incheon;
Postal Code: 407832
Contact Details: Purchase the Glostech Co., Ltd. report to view the information.
Website: http://www.chelcom.co.kr
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