Korea Zinc Co. Ltd. Wins Energy Management Award According to BAC Company Report
08 Aug 2012 • by Natalie Aster
LONDON – Beginning of July Korea Zinc participated in Energy Discussion ceremony held at SETEC (Seoul Trade Exhibition & Convention). The company was awarded by a medal of honor as an “Innovative Energy Saving Company”. The ceremony was organized to gather industry specialists and scientists that would discuss modern energy challenges and opportunities. Energy shortage and conservation, wise power management and other related topics were offered. Korea Zinc expressed its aim to become world-leading metal smelting company that implements the most advanced and innovative energy policies.
Korea Zinc has delivered flat financial performance in the beginning of 2012. Revenue amounted to KRW 1.33 trillion, gross profit comprised KRW 240 billion, operating income equaled KRW 216.1 billion, net income was KRW 168.4 billion. Silver contributed the biggest revenue amount – 42.4%, zinc generated 27.7%, lead added 15%, gold brought 3.4%, and other products accumulated 11.5%. Preliminary Q2 2012 results stipulate weak performance against Q2 2011: sales declined by 5.5% to KRW 1.42 trillion, net income lost 6.9% and equaled KRW 166.2 billion. This is way lower than Bloomberg estimations of KRW 199.5 billion.
Founded in 1974 and headquartered in Seoul (Korea), Korea Zinc Co engages in non-ferrous metal smelting. Company’s product portfolio includes zinc, copper, lead, gold, silver, indium, bismuth, cadmium, tellurium, cobalt, gallium, selenium, antimony trioxide, sulfuric acid and oleum. With 15 local and international subsidiaries Korea Zinc holds 8% of world zinc market. Company’s shares are listed on Korea Stock Exchange under the ticker 010130.
More information on the company’s business, financials, possibilities and news can be found in the report “Korea Zinc Co. Ltd. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis” recently published by Market Publishers Ltd.
Title: Korea Zinc Co. Ltd. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis
Date: Jul, 2012
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