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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 02-3467-0085
Common shares O/S 15,078,811 President Yu,Hong Jong/Jeong,Il Seon
Preferred shares O/S 109,852 No.of Employees 476(2008. 3)
Sales increased over the preceding year with increased production lines at Changwon and rising selling prices of stainless steel sheet. Profit decreased from the preceding year with selling prices lowered by slow rising nickel price, currency exchange loss and reduced deferred corporate income tax credit. Financial stability is maintained with plus operating cash flow based on growing net profit and trade payables.
Sales will grow with rising selling prices thanks to rising nickel price while production capacity increases with steady demand from downstream industries and restructuring of Changwon plant. Profit will increase with enhanced productivity and reduced fuel expenses. 44 billion won is invested in ultra-thin stainless steel sheet facility to maximize margin and profitability.
(date: 2007.12, unit : %)
Name HYUNDAI STEEL Jeong Ilseon Jeong Munseon
Portion 41.1 2.5 1.7
(unit : %)
Sales Stainless Steel Plate 99.9 Cost Raw Materials
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