C&Merchant Marine Co., Ltd. (000790)   STOCK Address 16TH FL.,JANGGYO BLDG., 1, JANGGYO-DONG, JUNG-GU,SEOUL Home Page www.cn-marine.co.kr Established 1951. 7. 4 Tel 02-3706-6900 Listed 1977.11. 9 IR Common shares O/S 197,986,988 President Yu,Hae Gi/Lee,Sang Gi Preferred shares O/S No.of Employees 21(2007. 6) Firm's biz revenue dipped, because of decline in marine sales on the same period last year, but firm's sales turned into surplus, because of falling cost to sales ratio. Despite selling and administrative expenses ratio increase, firm's net profit turned into surplus on the previous year in view of gain on valuation of investments using the equity method and transfer from loss reserve. Firm's capital is KRW 96.8 billion and has 2 cape size bulk carriers, 3 panamax size ships, 1 special purpose ship and 6 long-term chartered ships. By purchasing ships with low cost to sales ratio thru reorganization into mid and large scale ship fleet, firm's profit is forecast to rise in view of economies of scale, based on reduction in capital expenses. As cash liquidity diminishes in a rapid speed, due to low operating performance over two years from financial aspect, additional liquidity securing is needed stemming from rapid decline of cash liquidity. Firm is expected to secure long-term and stable income sources by developing major cargo owners such as KEPCO and POSCO. (date: 2007.06, unit : %) Name C&Woobang Skagen Kon-Tiki Verdipapirfond C& SHIPPING Portion 27.1 5.4 1.2 (unit : %) Sales Marine Transport 99.2 Cost Raw Materials Lease Income 0.7 Labors Overhead (Unit : 100Mn.Won,Won) Year 05.11 ~05.12 05.12 ~06.12 07. 1~ Type RI CB RI CB CB Amount 43.67  159.39  142.50  135.00  54.59