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Asia Paper Mfg. Co., Ltd. (002310)   STOCK
 
Address 9TH FL.,ASEA TOWER BLDG.,726,YEOKSAM 2-DONG, SEOUL
Home Page www.asiapaper.co.kr
Established 1958. 3. 7 Tel 02-538-4416
Listed 1988.12.15 IR 043-270-7591
Common shares O/S 6,041,660 President Lee,Byeong Mu/Lee,Yun Mu
Preferred shares O/S No.of Employees 192(2009. 9)
Year-on-year sales dropped, because of decline of flagship product's price (raw material of corrugated cardboard). Despite reduced biz revenue, operating ratio and profitability improved, owing to decline of cost to sales ratio. Smooth financial structure continues, in view of improvement in debt ratio thru reduced short-term loans, despite low liquidity ratio.
Biz revenue growth is expected thanks to courier industry's growth, expansion of agricultural products' packing, and demand increase in corrugated cardboard. Cost burden shrinkage is forecast, because of stabilization of waste paper prices and exchange rate decline trend, and profitability improvement is expected to continue, thanks to expansion of gain on valuation of investments using the equity method stemming from performance improvement of subsidiaries. No specific difficulties in cash flows are expected, in view of continuous cash inflow from operating activities.
(date: 2009.06, unit : %)
Name Asia Cement Co.,Ltd. BOOGOOK REMICON Lee Yunmu
Portion 37.8 1.5 1.1
(unit : %)
Sales Corrugated Board 80.3 Cost Raw Materials
Kraft Paper 3.2 Labors
Others 16.4 Overhead
(Unit : 100Mn.Won,Won)
Year 88.12 95. 3 95. 9 96.11 ~99.12
Type RI RI BI RI CB
Amount 30.00  40.00  15.00  70.00  82.08