Daiyang Metal, which settles accounts in March, said that its annual sales for its 31st business year (from April 2003 through March 2004) shot up 41.8% from a year ago to 165.71 billion won.
Following the 30th business year, Daiyang Metal attained an all-time high againin its annual business performance for the second consecutive year. The ordinary profit skyrocketed 326.6% to 10.67 billion won compared with the previous year's 2.5 billion won and its net profit for the current term posted 7.64 billion won with a whopping year-on-year jump of 480.1% from 1.31 billion won.
With such outstanding business performance, Daiyang Metal is planning to pass a resolution for the dividend amounting to 2.01 billion (dividend rate: 5.43%, based on market value) at the coming 31st regular general meetingof shareholders slated for June 12.
parkjy@snmnews.com