UABLE Co., Ltd. (South Korea)

Firm merged Mirio in August 2007, a drum manufacturer for VCR and digital camcorder to enhance synergy effect and Mgt efficiency. Firm's year-on-year sales sharply rose, because of launch of AV biz division via merger of Mirio and sales generation via game biz penetration. Firm turned into surplus, because of sharp increase in operating profit, stemming from cost expense relief stemming from biz revenue expansion, firm turned into surplus of net profit, thru improvement in non-operating balance, including reduction of loss on valuation of investments using the equity method. Firm suspended operation in the bag biz sector in July 2008, the impact on sales is forecast to be minimal, because of sales generation in the AV biz and Game biz divisions. For consolidation of core capabilities thru restructuring in the deficit biz sector, the firm suspended biz in bag biz division, which is likely to positively impact future profitability improvement. Firm merged Petrovision, an alternative energy firm in August 2008, and added production and development of bio alcohol and other clean energy in the firm's biz purpose.