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Daewoo Shipbuilding & Marine Engineering (042660)   STOCK
 
Address 85,DA-DONG, JUNG-GU, SEOUL
Home Page www.dsme.co.kr
Established 2000.10.23 Tel 02-2129-0114
Listed 2001. 2. 2 IR 02-2129-0263
Common shares O/S 191,390,758 President Nam,Sang Tae
Preferred shares O/S No.of Employees 11,202(2008. 3)
Firm's sales rose, due to unit ship prices of the new ships ordered between 204-2005, and improvement of facility expansion and production process improvement. Firm's net profit ratio rose, compared to a year earlier, due to reduction in nonoperating expense, compared to the previous year, despite rising operating profit ratio deriving from reduction in cost of sales ratio and nonoperating income's reduction. Firm hold No.1 position in VLCC and LNG carriers, and No.1 -No.2 in semi rig and drill ships.
Firm's order maximization is likely possible in high price order along with sales increase, in view of shipbuilding capacity expansion deriving from ship price increase via productivity improvement including No.2 dock expansion and additional floating dock introduction. Firm's operating profit improvement effect is expected, in view of ship price increase and weak Korean won in mid and long-term, although think sheet price hike will continue. Firm is forecast to create synergy effect and stable Mgt base after M&A, since government is likely to begin the sale of the Development of Korea step by step.
(date: 2007.12, unit : %)
Name The Korea Development Bank Korea Asset Management Corporation
Portion 31.2 19.1
(unit : %)
Sales Shipbuilding Industry 71.3 Cost Raw Materials 52.6
Plant / Ocean Business 27.9 Labors 10.3
Overhead 37.0
(Unit : 100Mn.Won,Won)
Year 01. 2 ~01.12 02.10    -    -
Type LI CB CR
Amount 9,815.41  104.13  - 600.00