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Seoul City Gas (017390)   STOCK
 
Address 281,YEOMCHANG-DONG, GANGSEO-GU, SEOUL
Home Page www.seoulgas.co.kr
Established 1983.11.28 Tel 02-810-8000
Listed 1995. 8.18 IR 02-3660-8059
Common shares O/S 5,000,000 President Bae,Gyeong Un/An,Byeong Il
Preferred shares O/S No.of Employees 597(2008. 3)
Firm's biz revenue growth continues based on biz stability with ensured monopoly position in the supply sphere, though growth trend becomes slowed down. Though operating profit rose, due to reduced operating expenses including reduction in unpaid commissions, firm's net profit fell, because of loss on valuation of investments using the equity method. Firm maintains smooth fund flows thru internally created funds including ample cash assets.
Though stable growth is possible, owing to monopoly gas supply within the supply sphere, rapid growth is not likely in view of 96% or more of gas supply rate in Seoul area. Firm's profitability is expected thru expansion of gain on valuation of investments using the equity method according to favorable tune prospect of investment stocks along with steady growth trend. Financial structure improvement is likely to be maintained based on steady performance realization with maintenance of a certain level of cash creating ability.
(date: 2007.12, unit : %)
Name Seoul City Development Daesung Global Network Kim Yeongmin
Portion 25.8 22.6 11.1
(unit : %)
Sales City Gas(L.N.G) 99.4 Cost Raw Materials
Others 0.4 Labors
Overhead
(Unit : 100Mn.Won,Won)
Year 95. 8 95. 8 96. 2    -    -
Type LI RI BI
Amount 185.09  79.33  85.58