Daelim Industrial's net profit reaches W94.6 bil.
DATE 2006.07.04
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Daelim Industrial said yesterday its net profit in the first nine months of the year reached 94.6 billion won, up a whopping 388 percent from the same period last year, with ordinary profit jumping 118 percent to 135.3 billion won.
Sales increased 3 percent during the period to total 1.82 trillion won, while operating profit made a 1.1 percent gain at 82.3 billion won.
The company attributed the impressive performance to the continued boom in the construction market and valuation gains from its equity holdings.
The company's debt-to-equity ratio, which stood at 112 percent at the end of September, will fall to 85 percent at the end of the year as maturing debt will be repaid, a company official said.
Daelim received new orders totaling 2.526 trillion won so far this year, or 81 percent of the yearly target
2002.10.24 <The Korea Herald>
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