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Borneo International Furniture (004740)   STOCK
 
Address 246-1,GOJAN-DONG, INCHEON
Home Page www.bif.co.kr
Established 1966. 9. 3 Tel 032-420-8500
Listed 1988. 9.22 IR
Common shares O/S 9,613,891 President Jeong,Bok Gyun/Maeng,Jun Yeong
Preferred shares O/S No.of Employees 251(2007. 6)
Though furniture for APTs declined, firm's year-on-year sales rose, because of sales increase in furniture for home and office uses. Firm turned into surplus with a sharp rise in operating profit thru cost to sales ratio improvement amid biz revenue expansion, along with nonoperating balance improvement. Firm's principal stockholder, Camco SG Investment, sold its stake in the firm (87.8% at KRW 55.3 billion) to Geosung Industrial Construction in August 2007.
Firm' biz revenue growth is expected, in view of expected demand increase in brand furniture along with existing biz sector's growth and private sector consumption recovery trend. Firm launched a new kitchen furniture brand, With, after establishing a nationwide sales network as a contract mode store system in September 2006. Firm makes an effort to secure product competitiveness thru product differentiation thru design innovation, channel diversification and production and sourcing innovation.
(date: 2007.06, unit : %)
Name KAMCO SG Investors
Portion 87.8
(unit : %)
Sales Home Furniture 32.7 Cost Raw Materials
Office Furniture 31.7 Labors
For APT 31.4 Overhead
(Unit : 100Mn.Won,Won)
Year ~90.12 90.12 91. 4 01. 9 01.10
Type CB RI SD CR RI
Amount 3.44  46.52  9.46  - 230.86  415.98