[Interview] An, Chang-Sun, Vice President Business Management _ Jung, Young-Il reporter, MONEYTODAY
“Our sales sum for the first 3 quarters last year was 29.7 billion Won, but order amount for the 4th quarter alone is over 24 billion Won. We were able to achieve a yearly sales record of 53 billion Won and our operating profit has increased over 4 times to 5 billion Won compared to the year before.”
Chang-Sun An, Vice President for Business Management at GS Instruments was full of confidence as he spoke. “The orders for 3G and Wi-Bro RF repeaters were concentrated near the end of the year,” he explained.
“After the merger, we concentrated on new technology, resulting in increased sales that started to show by the 4th quarter,” Mr. An continued. “We were selected primary partner by SK Telecom because they recognized the technology we have.” GSI’s stock price at the end of last year was 735 won with aggregate value at 21 billion Won. According to Mr. An, the stocks are “extremely low-rated compared to the current increase in outcome.”
GS Instruments is the new name for Hung-Chang, a company that was under legal management and merged by GST in 2004. In November 2007, GSTelech’s repeater business was merged to GS Instruments, forming the current structure of the company.
GS Instruments became a registered vendor for Sprint-Nextel early last year for repeaters. Vice President An said, “we are expecting overseas sales to increase as Sprint will invest on network for Wi-Bro service.”
Test equipment business has expanded its product line also with high-end telecommunication test equipments. “A333 (network analyzer) and A133 (spectrum analyzer) are products that can compete with companies holding monopoly of the market for a long time. First batch was rated highly by the market, and we expect more sales from these new products this year,” added the Vice President. “Since fixed expenses make a big portion of our budget, sales profit will increase more rapidly as sales go up.”
“We still have about 3 billion Won deficit from Hung-Chang, but it will be gone since our sales are on track. And we are still working on selling the Seoul Bulkwang-dong land(valued at 1.7 billion won) which has been delayed due to counterparts situation.”
“Our business port-folio for three main businesses, SK Telecom, overseas Telecom Operators, and Test equipments will be firmly established,” he added. “This year, we will focus on marketing so that these business areas can lead to actual results.”
Moneytoday |
