About CompanyFinancial statusFinancial statements
POSCOE&C has the healthiest financial structure among major Korean construction companies, and is recognized for excellent corporate credibility ratings. In corporate promissory note credit evaluation, the determiner of a company's short-term credibility, POSCOE&C was the only construction company to receive the highest A1 rating. Also, in corporate bonds, the index for long-term credibility, POSCOE&C retains the highest rating among local construction companies. POSCOE&C was able to achieve this feat due to its long tradition of transparent management. POSCOE&C realizes that customer satisfaction is derived from a healthy financial structure, and is striving to maintain strong financial health.
   
(Unit: thousand USD)
DIVISION 2003 2004 2005 2006 2007
SALES 1,371,325 2,579,996 3,874,629 3,956,878 3,254,146
COST OF SALES 1,236,630 2,351,313 3,398,815 3,398,339 2,838,524
GROSS PROFIT 134,695 228,684 475,814 558,538 415,622
OPERATING INCOME 62,555 86,128 232,082 301,099 318,049
NET INCOME 64,982 87,660 148,371 209,141 193,081
(Unit: thousand USD)
DIVISION 2003 2004 2005 2006 2007
TOTAL ASSETS 1,326,061 1,707,128 1,942,448 2,369,124 2,592,715
CURRENT ASSETS 1,025,468 1,344,223 1,520,039 1,815,222 1,918,994
NON-CURRENT ASSETS 300,592 362,905 422,408 553,902 673,721
TOTAL LIABILITIES 613,129 952,098 1,024,580 1,176,045 1,318,171
CURRENT LIABILITIES 595,952 854,666 974,234 1,131,522 1,251,652
LONG-TERM LIABILITIES 17,176 97,432 50,345 44,523 66,518
SHAREHOLDERS' EQUITY 712,931 755,030 917,867 1,193,078 1,274,544
CAPITAL STOCK 148,075 143,706 148,075 161,707 140,730
RETAINED EARNINGS 564,856 611,324 769,792 1,031,371 1,138,814