Independent journal on economy and transport policy
07:31 GMT+2
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Navalmeccanico group South Korean DSME has closed 2016 with a net loss of about -2,3 billion dollars
the revenues are diminished of -15,1%. The situation of the company to the examination of the creditors
March 15, 2017
The South Korean navalmeccanico group Daewoo Shipbuilding & Machine Engineering Co. (DSME) has announced today to have concluded the exercise anniversary 2016 with a net loss consolidated of -2.711 billion won (beyond 2,3 billion dollars) respect to a net loss consolidated of -3,307 billion won in the exercise precedence. The revenues are diminished of -15,1% attesting itself to the 12.737 billion one won regarding 15.007 billion in 2015. The operating result has been of sign negative and pairs to -1.609 billion won respect to a result negative for -2.937 billion won in 2015.
Answering to the South Korean average that has introduced several possibilities in order to tackle to the problem of the increasing deficiency of liquidity of the company that they would be examined by the creditors of group DSME, guided from the Korea Development Bank that is also the main shareholder of the society of which it stops 79% of the capital, DSME has specified that currently the creditors are estimating the initiatives assumed from the company in order to improve own financial situation let alone the level of the orders and the liquidity.
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The South Korean navalmeccanico group Daewoo Shipbuilding & Machine Engineering Co. (DSME) has announced today to have concluded the exercise anniversary 2016 with a net loss consolidated of -2.711 billion won (beyond 2,3 billion dollars) respect to a net loss consolidated of -3,307 billion won in the exercise precedence. The revenues are diminished of -15,1% attesting itself to the 12.737 billion one won regarding 15.007 billion in 2015. The operating result has been of sign negative and pairs to -1.609 billion won respect to a result negative for -2.937 billion won in 2015.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
