16-Kocom Co - from better productivity, cost reduction,...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Kocom Co., Ltd (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 749. 5 650. 2 590. 1 629. 7 118. 2 Percentage Change -13.25% -9.24% 6.71% -24.92% COGS 580. 2 491. 4 442. 3 457. 8 77. 8 Percentage Change -15.31% -9.99% 3.50% -32.02% Gross Profit 169. 3 158. 8 147. 8 171. 9 40. 4 Percentage Change -6.20% -6.93% 16.31% -5.99% Kocom has a negative revenue growth arrived -13.25% in 2005 and -9.24% in 2006. As result of 2 consecutive years of sales loses nearly 22% of revenue. With experienced minus percent growth in revenue when the market not allow price increases, it is very difficult to keep profits afloat unless companies benefit
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: from better productivity, cost reduction, better quality, better service and better design, according to Mr. Joon Park, general manager, Kocom planed to cut their production schedule to correct for the inventory imbalance and thus it was growth 6.71% in 2007. Additionally, its was outstanding growth because of its ventures into the home-network sector. However, as most of its competitors experienced the same economic condition, again in the first 3 months of 2008 the growth rate in revenue decreased (-24.92 percent) over 2007....
View Full Document

Ask a homework question - tutors are online