Company Profile For Taihan Electric Wire Co., Ltd

Taihan Electric Wire Co., Ltd (001440.KS) (Korea Stock Exchange)

sector: Industrials · industry: Electrical Components & Equipment ·

As of 25 Nov 2009

18,200.00KRW

Price Change

-600.00

Percent Change

-3.19%

Analyst Recommendations

Overview

Taihan Electric Wire Co., Ltd. is a Korea-based company engaged in the manufacturing of electric wires and cables. The Company provides its products under three categories: bare wires and coils, electric and insulated wires and communication cables. Its bare wires and coils are used in electrical machineries to convert the mechanical energy into electric power. Its electric and insulated wires are used as transmission lines and wirings in power generation industry. Its communication cables are used to transmit optical signals. The Company is also involved in electric and communication works. On October 30, 2009, the Company disposed its entire 2,359,400 shares (68.47%) of Korea Rental Corporation, engaged in the rental of industrial machines and equipment.

Quick Financial Synopsis

BRIEF: For the fiscal year ended 31 December 2008, Taihan Electric Wire Co., Ltd.'s revenues increased 51% to W4.735T. Net income from continuing operations and before extraordinary items increased 17% to W85.75B. Revenues reflect increased demands for coil, bare wire and electric wire products. Net income was partially offset by higher interest expense, higher loss under equity method and higher loss on valuation of derivatives as well.