Taihan Electric Wire Co. Ltd. Reports Non-Consolidated Earnings Results for the Fourth Quarter and Full Year of 2011; Provides Net Debt Guidance for 2013
April 05, 2012
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Taihan Electric Wire Co. Ltd. reported non-consolidated earnings results for the fourth quarter and full year of 2011. For the quarter, on non-consolidated basis, the company reported sales of KRW 630.4 billion against KRW 772.3 billion a year ago. Operating income was KRW 10.7 billion against operating loss of KRW 8.3 billion a year ago. EBITDA was KRW 15.7 billion against LBITDA of KRW 6.1 billion a year ago. Loss before tax was KRW 133.6 billion against KRW 461.5 billion a year ago. Net loss was KRW 141.3 billion against KRW 385.0 billion a year ago.
For the year, on non-consolidated basis, the company reported sales of KRW 2,578.2 billion against KRW 2,703.5 billion a year ago. Operating income was KRW 47.7 billion against KRW 24.9 billion a year ago. EBITDA was KRW 60.4 billion against KRW 33.5 billion a year ago. Loss before tax was KRW 223.9 billion against KRW 686.2 billion a year ago. Net loss was KRW 213.1 billion against KRW 569.7 billion a year ago. Net debt as on 2011 was KRW 1,691.2 billion against KRW 1,671.5 as of 2010.
For 2013, the company expects non-consolidated net debt of KRW 1,200.0 billion.
Taihan Electric Wire Co Ltd is a Korea-based company mainly engaged in the manufacturing of electric wires and cables. The Company operates optical fiber business, optical cable business and electrical work business. The Companyâs products consist of extra-high voltage cables, nuclear cables, control cables, electric power cables, insulated wires, trolley wires, fire protection cables, instrumentation cables, signal cables, factory automation cables and others, which are used for power generation and distribution, and optical cables, communication cables, wireless communication cables and others, which are used for telecommunication. The Company also provides copper rods, magnet wires, heating systems and others. It also involves in the electrical work business.
Taihan Electric Wire Co. Ltd. Reports Non-Consolidated Earnings Results for the Fourth Quarter and Full Year of 2011; Provides Net Debt Guidance for 2013