11-EFFECTIVENESS MEASURES

11-EFFECTIVENESS MEASURES - market by established CNB USA...

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EFFECTIVENESS MEASURES Exchange rate USD1= KRW 1047.5 1020.72 939.49 936.53 1010.61 CNB Technology Inc. (Unit: 100 Mil. Won) Year Dec 31 st 2004 Dec 31 st 2005 Dec 31 st 2006 Dec 31 st 2007 Mar 31 st 2008 Revenue 273.0 424. 2 563. 4 656. 9 170. 9 Percentage Change 55.38% 32.81% 16.60% 4.06% COGS 213.2 341. 7 449. 1 506. 6 134. 8 Percentage Change 60.27% 31.43% 12.80% 6.44% Gross Profit 59.8 82. 5 114. 3 150. 3 36. 1 Percentage Change 37.96% 38.55% 31.50% -3.93%   Above table gives an overview of revenues and percentage change in revenues of CNB technology Inc. that Korean Stock Exchange reported for last five years. In 2005 the company experienced a highest revenue growth rate 55.38% over 2004. In 2006 CNB continue its gain up 31.43% over previous year. There are several reasons for CNB’s success. First of all the company has expanded in to one of the World’s largest
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Unformatted text preview: market by established CNB USA Technologies Inc. in Long Beach, California in USA on August 2005 and listed on KOSDAQ in June 2006 which help to gain high credit standing for customers trust and become confident in several local markets . However, in 2007 and especially in the first quarter of 2008 CNB was suffering from lower revenue growth rate (4.06%) and decrease gross profit (-3.93%). This was due to a slowing Worlds economy along with Worlds economic crisis started with the sub prime mortgage crisis in 2007 and the ensuing credit crunch. (Ling-Mei Wong, 2008)...
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This note was uploaded on 09/07/2010 for the course MGMT MTG508 taught by Professor Leepickler during the Spring '09 term at Northcentral.

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