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C&Merchant Marine Co., Ltd. (000790)   STOCK
 
Address 16TH FL.,JANGGYO BLDG., 1, JANGGYO-DONG, JUNG-GU, SEOUL
Home Page www.cn-marine.co.kr
Established 1951. 7. 4 Tel 02-3706-6900
Listed 1977.11. 9 IR 02-3709-6697
Common shares O/S 198,242,113 President Kim,Yong Seung/Lee,In Won
Preferred shares O/S No.of Employees 29(2008. 3)
Though sales fell, due to reduction in some nonprofitable ship charter biz, firm's operating loss fell, due to decline in cost to sales ratio. Firm turned into surplus, due to a sharp increase in net profit deriving from sales of tangible assets. Though cash flows from operating activities are on the improvement, negative cash flows continue.
Firm's earnings structure is likely to improve, thanks to economies of scale thru capital expense reduction by buying ships with low cost ratio via reorganization to medium and large size ships. Firm's synergy effect creation is expected with marine shipping biz by investing in shipbuilding industry thru investment in Shinwoo Shipbuilding whose main biz is ship block processing. Firm is forecast to ensure cash liquidity with money from the planned sale of Jindo F&, new investments are likely to be easier.
(date: 2007.12, unit : %)
Name C&Woobang Constr. Co., Ltd. Skagen Kon-Tiki Verdipapirfond C& SHIPPING
Portion 26.4 6.4 1.1
(unit : %)
Sales Marine Transport 99.2 Cost Raw Materials
Lease Income 0.7 Labors
Overhead
(Unit : 100Mn.Won,Won)
Year ~05.12 05.12 ~06.12 ~07.12 08. 1~
Type CB RI CB CB CB
Amount 159.39  142.50  135.00  60.70  0.05