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Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).

KOREA LINE CORPORATION

Main Activities: Water Transportation

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Company Information

Full name
KOREA LINE CORPORATION

Headquarters
KOREA LINE BLDG.,145-9, SAMSEONG 1-DONG, GANGNAM-GU, SEOUL; Seoul; Seoul; 135878
Status: Listed
Legal Form: Public Limited Company
Operational Status: Operational
Financial Auditors: SUNGDO (2011)
Incorporation Date: December 12, 1968
Total Employees: 308

Tel: 02-3701-0114

Company Description

Firm achieved high sales, in view of growth of China's steel industry, and increase of dry bulk cargo quantity stemming from relief in loading delay. Firm's profitability maintained the previous year's first half level, due to sharp increase in freight, since the firm transfers cost rising factor stemming from oil prices hike to the freight. Firm shows 5.54% market share in the domestic marine shipping transportation market, and focuses on dry bulkers as a marine shipping company standing at 5th
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Company Analysis

According to the Individual - Audited financial statement for the first half of 2012, total net operating revenues decreased with -20.00%, from KRW 410,926,101 thousands to KRW 328,760,601 thousands. Operating result increased from KRW -219,119,558 thousands to KRW -71,185,251 thousands which means 67.51% change. The results of the period increased 92.60% reaching KRW -59,098,335 thousands at the end of the period against KRW -798,999,609 thousands last year. Return on equity (Net income/Total equity) went from -258.95% to -492.46%, the Return On Asset (Net income / Total Asset) went from -48.20% to -3.60% and the Net Profit Margin (Net Income/Net Sales) went from -194.44% to -17.98% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 13786.62% compared to 637.26% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 0.48 to 0.83 when compared to the previous year.

Key Executives

Park,Jae Min President
Jo,Jae Ho Auditor
Kim,Chil Bong Senior Managing Director
Jo,Yong Taek Managing Director
Choe,Byeong Nam Manager
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Balance Sheet

Total Assets

1,642,468,642

1,661,944,327

Current Assets

297,612,319

294,709,579

Total Liabilities

1,654,469,185

1,617,924,419

Shareholders Equity

-12,000,543

44,019,908

Current Liabilities

358,297,145

279,059,746

* All the accounts are in KRW.
Income Statement

Total Operating Revenue

328,760,601

757,150,326

Operational Profit (Loss)

-71,185,251

-140,937,733

Net Profit (Loss)

-59,098,335

-1,171,540,072

* All the accounts are in KRW.
Ratios
Profitability Ratios

Return on Assets (ROA)

-3.6%

-70.49%

Return on Equity (ROE)

492.46%

-2,661.39%

Return on Sales (ROS)

-17.98%

-154.73%

Return on Capital

-4.6%

-84.72%

Gross Profit Margin

-16.06%

-17.1%

Efficiency Ratios

Current asset turnover

1.10x

2.57x

Asset Turnover

0.20x

0.46x

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

-130,368,360

-1,295,925,399

EBITDA

-70,801,499

-140,937,733

Bookvalue (BV)

-22,866,810

42,208,243

Liquidity Ratios

Current Ratio

83.06%

105.61%

Quick ratio

74.14%

95%

Doom's day ratio

15.02%

14.87%

Cash Flow to Debt

0.22%

-12.85%

Leverage Ratios

Leverage ratio

-13,686.62%

3,775.44%

Interest Coverage Ratio

17.08%

-841.86%

Debt to equity

-13,786.62%

3,675.44%

Debt to total assets

100.73%

97.35%

Long Term Debt to Capital

100.93%

96.82%

Market ratios

Price/Book Ratio

-7.81

9.62

Trend Ratios

Revenue Trend

80%

35.03%

Net Income Trend

7.4%

356.53%