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Byucksan Engineering & Constr. (002530)   STOCK
 
Address JEONGWOO BLDG.,13-25, YEOUIDO-DONG, YEONGDEUNGPO-GU,SEOUL
Home Page www.becco.co.kr
Established 1958.11.27 Tel 02-767-5114
Listed 1975. 6.30 IR
Common shares O/S 27,411,840 President Kim,In Sang
Preferred shares O/S 239,130 No.of Employees 602(2007. 6)
Increase in revenue from domestic project undertaking business led to a significant exterior expansion, and decrease in G&A expense weight resulted in a year-on-year increase in operating profit. Despite of an increase in operating profit, net profit turned to a negative figure as the NTS audit resulted in an additional corporate tax payment. Relatively high debt-ratio in comparison to the current ratio left the company's financial stability somewhat deteriorated.
Further exterior expansion is expected as Gwangyang Freight Terminal, which in charge of the construction of Gwangyang Terminal, becomes Byucksan's subsidiary company. Considerable part of the remaining order balance is secured only by provisional contracts. This leaves the company inflexible in responding to the slowdown of the housing market with limited growth potential. As the company executes internal projects, it does not have other plans for large-scale expenditures and pre-investments. Operating cash flow will remain stable, and the additional corporate tax payment will not impose much difficulty on the company's business for the time being.
(date: 2007.06, unit : %)
Name INHEE CO.,LTD. Lazard Asset Management LLC Woori Bank
Portion 52.5 5.4 5.3
(unit : %)
Sales Construction 87.1 Cost Raw Materials 26.8
Civil Engineering 12.4 Labors 3.7
Others 0.4 Overhead 69.4
(Unit : 100Mn.Won,Won)
Year 02.11 ~02.12    -    -    -
Type CR CB
Amount - 48.67  882.52  -      -      -