South Korean cathode-ray tube manufacturer Hankuk Electric Glass has said that much improved performance means it will be able to enter zero-debt management in February 2001.
According to a company s…
South Korean cathode-ray tube manufacturer Hankuk Electric Glass has said that much improved performance means it will be able to enter zero-debt management in February 2001. According to a company spokesperson, Hankuk repaid loans amounting to 25 billion won (US$ 22 million) in early November and has loans of just 5 billion won outstanding. Hankuk is forecasting sales of 715 billion won for 2000, a 25% year-on-year increase, with ordinary profits improving 142% to 250 billion won.