521 manufacturing firms, 10 financial institutions
Operation Results 2004
Global Results
- Net profit among corporations with fiscal period ending in December substantially increased in 2004 over 2003.
- Net profit rose among manufacturing firms, net income reverted from loss to profit financial institutions
- Net profit for the period amounted to KRW 49,523.9 billion, up 101.22% over 2003.
- Total sales stood at KRW 608,410.4 billion, increased by 17.05% over 2003, and operating income at KRW 58,089.4 billion surpasses the 2003 level by 45.07%.
- Net profit and operating income for the period among manufacturing firms, KRW 46,997 billion and KRW 54,836.5 billion, are up 55.99% and 30.79% over 2003, respectively. Sales rose by KRW 82,626.5 billion (17.10%) from 2003.
- Upturn in semiconductor, telecom equipment, LCD and ship sectors contributed to the growth in net profit.
- A dramatic improvement was observed in capital and liability composition among manufacturing firms. Total capital rose by 14.51%, while the increase in total liabilities was limited to a mere 0.56%, reducing the debt-to-equity ratio from 103.91% in 2003 to 91.26%, down 12.65%.
- Sales in the financial sector climbed by KRW 5,987.5 billion (16.30%) over the previous year, totaling KRW 42,713.3 billion.
- Both operating income and net income for the period reverted to profit.
- Contributing factors include decrease in number of insolvent firms resulting in the reduction of the amount of bad debt expenses, and growth of interest revenues.
