GS HOLDINGS Co., Ltd. (078930)   STOCK Address 23RD FL., GS TOWER, 679, YEOKSAM 1-DONG, SEOUL Home Page www.gsholdings.co.kr Established 2004. 7. 1 Tel 02-2005-8125-6 Listed 2004. 8. 5 IR 02-2005-8133 Common shares O/S 92,915,378 President Heo,Chang Su/Seo,Gyeong Seok Preferred shares O/S 1,784,826 No.of Employees 23(2009. 9) Biz revenue grew, because of earnings increase of GS Caltex including PX demand increase, deriving from China's polyester production increase, and foreign currency-related gain, stemming from exchange rate decline. Operating balance improvement and labor cost savings arising from increase of gain on equity method from firm's subsidiary's GS Caltex are shown, and year-on-year profitability improved thanks to increase in interest income. Financial structure is good, in view of appropriation of operation and facility fund thru short-term loans and debenture issue, expansion of cash assets and increase in total capital stemming from continuous net profit creation. Although good earnings creation and refinery margin improvement are required in the PX sector, because of exchange rate decline, the current sales level is likely to be maintained, because of the impact of distribution biz growth reduction stemming from SSM entry limitation. Profitability improvement is expected, owing to cost savings are emphasized on the company level amid depressed biz cycle, despite limited biz revenue growth trend. Firm's fund power is sufficient for beauty care and existing distribution biz expansion, in view of continuous increase of cash assets. (date: 2009.06, unit : %) Name Heo Changsu Heo Yongsu Heo Namgak Portion 4.8 4.1 3.6 (unit : %) Sales Gain on Val.Using equity mdthod of accn 90.5 Cost Raw Materials Lease Income 5.6 Labors 3.8 Overhead (Unit : 100Mn.Won,Won) Year 04. 8    -    -    -    - Type LI -  -  -  -  Amount 4,645.77  -  -  -  -