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Doosan Corp. (000150)   STOCK
 
Address 30TH FL., DOOSAN TOWER BLDG., EULJIRO 6-GA, JUNG-GU, SEOUL
Home Page www.doosancorp.co.kr
Established 1933.12. 8 Tel 02-3398-0114
Listed 1973. 6.29 IR 02-3398-3182
Common shares O/S 24,846,492 President Park,Yong Hyeon/Park,Yong Man
Preferred shares O/S 5,769,814 No.of Employees 1,947(2009. 9)
Gain on valuation of investments using the equity method fell, due to poor performance of subsidiaries, despite good level of firm's sales and operating profit in the electronics, ICT, and glonet, except for disposal of the alcoholic drinks biz division. Operating loss was posted, in view of equity method loss of 131.9 billion won being posted as cost of sales, deriving from net loss of firm's subsidiary, Doosan Heavy Industries & Construction, due to holding company accounting application. Firm's financial stability was enhanced, due to 213 billion won of net profit stemming from profit reflection of suspended biz, and some reduction of loans with secured fund thru selling of equity in affiliated companies and biz division.
Operating income is forecast to grow, thanks to stable sales base of the biz division, brand royalty income, and increase in gain on valuation of investments using the equity method. Stable profit rise is forecast, due to projected reduction of loss on equity method, stemming from gradual performance recovery of subsidiaries, deriving from subsidiaries due to group restructuring including the sales of equities in 4 companies. Group's financial risk is forecast to be sharply reduced with resolved uncertainties related to DII (Bob Cat), after restructuring, and fund for new investment is expected to be acquired.
(date: 2009.06, unit : %)
Name Mirae Asset Invst Park Jeongwon Park Yongkon
Portion 8.1 4.1 3.4
(unit : %)
Sales Electronic 46.7 Cost Raw Materials
Alcohol 23.6 Labors
Glonet BU 15.8 Overhead
(Unit : 100Mn.Won,Won)
Year ~05.12 ~06.12 ~07.12 ~08.12 09. 1~
Type CB CB CB CB CB
Amount 75.47  8.71  18.61  24.53  5.68