S&T affiliated companies announced the management performance for 1st quarter, which Korean International Financial Reporting Standards was applied, was announced on 23rd and three listed companies-S&T Motiv, S&T Dynamics Co., Ltd. S&TC etc.- hosted the IR(Invest Relation) in the Sequoia & Fine Room at Seoul 63 convention center.
In this invest relation, About 200 people including the chairman of S&T group, Choi Pyung-kyu and other CEOs of affiliated companies, general investors, analysts, and people from media participated and watched the management conditions for 2015 and performance prospect for 2015 were offered.
S&T holdings, the holding company, marked 382.5 billion won, which the sales for the 1st quarter of 2015 year was increased by 3.6% compared to the same quarter of last year. The operating profit was 36.1 billion Won, which was increased by 94.7% compared to the same quarter of last year and the net income was 28.6 billion Won, which was increased by 8.9%.
S&T Motiv achieved as following. The sales for the 1st quarter of 2015 year was 281.4 billion Won, which was increased by 1.4%. The operating profit was 26.1 billion Won, which was increased by 72.0% and the net income was 18.7 billion Won.
S&T Motiv said, “With the expansion of high value added products applied to eco-friendly products and high cost of fuel for vehicle and increase in sales of defense industry, it is expected that S&T Motiv will achieve higher than the sales 1.2515 trillion Won and operating profit, 90 billion Won, announced in November, last year and going to continuously grow at about average growth, 15%,
S&T Dynamics has achieved the sales for the 1st quarter of 2015 year, the 132.6 billion won based on the consolidated financial statement. The operating profit was 10.2 billion won, which was increased by 227.9% compared to same quarter of last year and the net income was 9.8 billion won, which was increased by 56.4%.
S&T Dynamics also said “According to the profit centered business restructuring, the sales for 2015 year will be 530 billion won, the net income will be 38 billion won and successfully achieve the turn-around. From 2016, we will get on the full-scale growth track. In addition to this, “With the mass production of new products in defense and vehicle industry and promotion of the distribution industry of second handed machines, we will spur the growth.”
S&TC has achieved the 64.2 billion won in the first quarter of 2015, increased by 22.2% compared to the 1st quarter of last year. S&TC also has achieved the operating profit, 8.9 billion won, increased by 181.9%, compared to the first quarter of the 2015 and has achieved the net income 7.1 billion won, increased by 155.4%.
S&TC has emphasized, “With the strategic selective order and strict cost control, the additional sales for 2014 will be 245 billion Won and the operating profit will be 24.5 billion Won.”
The person from S&T Holdings said “S&T affiliated companies achieved more than the management performance in the first quarter, expected by the market.” and “It is expected that S&T companies will continuously grown by restructuring the business and obtaining new orders in order to strengthen the profit.”