Company Profile For STX OFFSHORE & SHIPBUILDING

STX OFFSHORE & SHIPBUILDING (067250.KS) (Korea Stock Exchange)

sector: Industrials · industry: Engineering & Construction ·

As of 7:33am IST

12,350.00KRW

Price Change

-100.00

Percent Change

-0.80%

Analyst Recommendations

Overview

STX OFFSHORE & SHIPBUILDING, formerly STX Shipbuilding Co., Ltd., is a Korea-based company active in the shipbuilding industry. It focuses on designing and building ships with capacities ranging from 30,000 to 80,000 deadweight tons. The Company's product portfolio consists of tankers, container ships, bulk carriers, liquefied petroleum gas (LPG) and liquefied natural gas (LNG) carriers, pure car carriers and naval vessels. The Company is a subsidiary of STX Corporation, a holding company involved in energy trading, investment and management consulting. The Company completed the merger with its wholly owned subsidiary STX Heavy Industries Co.,Ltd's marine plant division, on June 1, 2009.

Quick Financial Synopsis

BRIEF: For the fiscal year ended 31 December 2008, STX OFFSHORE & SHIPBUILDING's revenues increased 96% to W14.831T. Net income decreased 87% to W20.63B. Revenues reflect higher sales of Tanker, Bulker, Container, gas carrier, and LNGC in overseas market. Net income was offset by higher loss on valuation of derivatives, higher loss on disposal of securities available for sale, and higher loss on foreign exchange transaction.