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MHETHANOL Co.,Ltd. (023150)   STOCK
 
Address 1120-1,JUNG-RI, NAESEO-EUP, MASAN-SI, GYEONGNAM
Home Page www.mh-ethanol.com
Established 1978. 7. 4 Tel 055-231-0701
Listed 1996.12.24 IR 055-231-0701
Common shares O/S 7,000,000 President Choe,Dong Ho
Preferred shares O/S No.of Employees 56(2008. 9)
Revenue growth slowed as prices were frozen, while the soju business showed a modest growth. The ration of operating profit to sales fell, hurt by burdens in sales and administrative costs as well as rising prices of raw materials such as grain. Still, stable financial structure was maintained, while more corporate notes were issued to fund for acquiring stake in CJ Cambodia.
Price-driven growth is seen limited because the government moves to categorize spirits and soju as items for inflation-control. It's difficult for Mhethanol to turn around in earnings at operating level as prices of imported raw materials continue to rise amid price control. Mhethanol is expected to gain an upper hand in costs as it invests into overseas affiliates to secure raw materials and facilities.
(date: 2008.06, unit : %)
Name Choi Dongho Korea Value Asset Mng. Kim Bunseon
Portion 50.0 10.4 0.6
(unit : %)
Sales Fermented Alcohol 66.3 Cost Raw Materials
Purified Alcohol 30.5 Labors
Dried fruit 1.7 Overhead
(Unit : 100Mn.Won,Won)
Year 96.12 96.12 98. 4 05.12    -
Type LI RI SD SS
Amount 30.00  13.00  1.08  500.00  -