taihan electric wire co ltd (001440) Snapshot

Taihan Electric Wire Co. Ltd., Annual General Meeting, Mar 22, 2013., at 09:00 Korea Standard Time. Location: 1110 (for the wire) Dangjin Auditorium. Agenda: To consider the sales reports; to consider the audit reports; to consider the approval of the consolidated financial statements; to consider the incorporation of some changes; to consider the election of Directors; and to consider the approval of directors' remuneration limit.

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. won a $30 million contract to supply high-pressure power for San Diego, California. The 3-year contract with San Diego Gas and Electric Co., calls for the supply of 230 kilovolt cables to be used in the city.