STX shipbuilding sales KRW 442.8 billion last year

STX shipbuilding, formerly Daedong Shipbuilding, disclosed in a shareholder’s meeting held March 8, that it earned KRW 442.8 billion in sales, KRW 19.5 billion in ordinary profit, and KRW 12.5 billion in net profit for the last year.

During the meeting, STX shipbuilding changed its articles of association to enable it to issue new stocks for listing on the Korea Stock Exchange. It also appointed Kim Sung-ki, Kim Man-shik, Chung, Kwang-suk, Huh Hyuk as new directors and Song Woo-ik as the new corporate supervisor.

STX shipbuilding also promoted Kim Man-shik and Chung Kwang-suk from managing directors to senior managing directors, appointing Lee Sang-ok as chief financial managing director.