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BNG STEEL (004560)   STOCK
 
Address 66,SINCHON-DONG, CHANGWON-SI, GYEONGNAM
Home Page www.bngsteel.com
Established 1966. 4. 7 Tel 055-268-4114
Listed 1987. 3.24 IR 02-3467-0079
Common shares O/S 15,078,811 President Jeong,Il Seon
Preferred shares O/S 109,852 No.of Employees 411(2009. 9)
Sales decreased from the preceding year as sales of CR sheet sharply decreased and product selling prices declined due to economic recession. Net and operating income decreased from the preceding with rising sales cost and expenses due to shrunk sales. Acquired equity shares of Ad Stainless with borrowings though plus operating cash flow is posted.
Sales of CR sheet will increase as motor companies launch new models and facility investment will increase due to economic recovery. Operating income will improve as price of material HR stainless steel strip will decline while invariable cost will decrease with normal operation due to economic recovery. Liquidity needs be increased while the majority of borrowings are short-term.
(date: 2009.06, unit : %)
Name Hyundai Steel Company Jeong Ilseon Jeong Munseon
Portion 41.1 2.5 1.7
(unit : %)
Sales Stainless Steel Plate 99.9 Cost Raw Materials
Others 0.1 Labors
Overhead
(Unit : 100Mn.Won,Won)
Year ~99.12 01. 1 01. 1 03.11 ~06.12
Type CB CR RI RI CB
Amount 182.49  - 201.28  187.78  236.73  128.15