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AVACO Co., Ltd. (083930)   KOSDAQ
 
Address 1107, WORAM-DONG, DALSEO-GU, DAEGU
Home Page www.avaco.co.kr
Established 2000. 1.16 Tel 053-583-8150
Listed 2005.10.11 IR 053-601-8102
Common shares O/S 10,237,204 President Seong,Deuk Gi
Preferred shares O/S No.of Employees 232(2010. 6)
Year-on-year sales ascended, thanks to secured orders of LCD manufacturing equipment by major clients and order winning of sputter equipment to manufacture LCD and solar cells domestically and internationally. Despite cost burden expansion, according to increase in depreciation expenses of machine devices, firm's operating ratio rose, compared to the same period last year, in view of eased burden of selling and administrative expenses, according to sales increase. Despite equity capital expansion thru accumulation retained earnings, firm's financial burden rose, due to trade payable's settlement delay, so firm's various stability indicators fell.
Sales expansion is predicted in view of expected sales upbeat, such as Gumi Module factory expansion of a major client, LG Display, and demand increase for AMOLED equipment. Despite fixed cost burden relief, deriving from sales upbeat, firm's limited profitability improvement is expected thru forecast expansion of cost burden, arising from increase in depreciation expenses from new investment. Firm is not likely to have difficulties in fund flows, based on smooth financial structure along with good cash creation capacity from operating activities.
(date: 2009.12, unit : %)
Name Wi Jaegon LG Display Wi Jimyeong
Portion 20.4 19.9 5.5
(unit : %)
Sales STOCK & Conveyance 36.1 Cost Raw Materials
Sputter 28.8 Labors
Others 23.8 Overhead
(Unit : 100Mn.Won,Won)
Year 05.10 08. 6    -    -    -
Type LI RI - - -
Amount 41.00  10.19  -      -      -