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GS Engineering & Constr. (006360)   STOCK
 
Address GS YEOKJEON BLDG., 537, NAMDAEMUNNO 5-GA, JUNG-GU, SEOUL
Home Page www.gsconst.co.kr
Established 1969.12.19 Tel 02-728-1114
Listed 1981. 8. 3 IR 02-728-1967
Common shares O/S 51,000,000 President Heo,Chang Su/Kim,Gap Ryeol
Preferred shares O/S No.of Employees 4,977(2008. 3)
Firm's biz revenue was expanded, thanks to increases in high margin SOC in the engineering works, overseas orders in the plant sector and revenue recognition in the large reconstruction in housing sector and general construction sector. Firm's operating profit ratio rose, due to improvement in overseas cost to sales ratio and cost Mgt in engineering works and plant sectors, but firm's net profit ratio stood at the previous year's level, because of reduction in nonoperating income. As firm has maintained net cash state since 2004, firm has competitiveness in large scale domestic and foreign developing projects or privately funded projects.
Firm's growth is expected, in view of full scale of overseas plant construction and a possibility of realization of agreed balance according to government's redevelopment policy, and order quantity increase from GS Group. Risk of nonsale or margin decline from the ceiling system of APT selling prices is low, because of large portion of redevelopment biz out of KRW 28.2 trillion of housing project balance including agreed balance; therefore, margin decline pressure is low, and the firm is projected to ensure profitability. Despite cost to sales ratio increase in the engineering works sector, the firm is forecast to ensure stable earnings ratio, owing to earnings improvement in the overseas plant sector and relief in selling and administrative expenses.
(date: 2007.12, unit : %)
Name Mirae Asset investment Huh Changsu Huh Jinsu
Portion 14.1 12.2 5.8
(unit : %)
Sales House Construction 29.1 Cost Raw Materials 39.3
Plant Construction 17.1 Labors 4.5
Contracted Construction 16.9 Overhead 56.1
(Unit : 100Mn.Won,Won)
Year 94.11 98. 1 99. 5 99. 8 99.12
Type RI RI RI MA RI
Amount 135.00  113.90  720.00  311.65  589.45