BYUCKSAN ENGINEERING & CONSTRUCTION CO.,LTD. (South Korea)

Sales rose on previous year, due to expansion of performed construction portion in the construction sector. Operating profit turned into deficit, according to rise in cost to sales ratio and expansion of selling and administrative expenses, also firm's net profit turned into deficit, because of increase in bad debt expenses. While repayment of borrowings is delayed with a special agreement with creditor financial institutions, fund burden has been eased with preferential interest rate application and newly supported working capital. Diversification of construction types is expected by improving orders centered on public sector construction to procure cash, and by entering small APT and studio APT remodeling market. Profitability is predicted to improve, amid maintaining a certain earring rate, centered on public sector projects, in view of resumption of sales of the existing APTs. Cash liquidity burden exists, owing to delayed collection of fund, according to low occupancy records in some completed projects.