Kangwon Land, Year 06 1st Quarter Results
Sales
The 1st quarter’s revenue for year 06 declined 10.9% to 186,840 million won compared with the same period of the previous year.
- Drop the sales by the amount size as VIP Slot Mass table
1. Increase the number of visitor who flies to the oversea casinos
2. Sharply growing number of illegal gaming sector; specially, revenue in March plunged
Cost
Increase of 3.6% YoY in operating costs to 87,463 million won and 41.3% YoY in SG&A Expenses to 26,246 million won, respectively.
- Recognized accrued costs for golf course; amounted 1bn won, including its depreciation 0.3bn won
- Increase Mining tax rate to 20% from 10% of EBT (as of Nov. 2005)
- Posted 39.1% Op profit margin and 28.2% net profit margin
Visitors
The total number of visitors declined 8.2% YoY to 422,987 people.
웹사이트: http://www.kangwonland.com
연락처
Kim, Nam-Hee Public Relations Team 82-(0)33-590-5139 82-(0)10-3129-2058 이메일 보내기
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