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BUSINESS IN ASIA TODAY - OCT 27, 2004.
AsiaPulse News, October, 2004
Business in Asia on October 27, 2004. A summary prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, market intelligence and business opportunities:
KOREA'S CHEIL INDUSTRIES SWITCHES TO PROFIT IN THIRD QUARTER
SEOUL - Cheil Industries Inc. (KSE:001300), a leading South Korean textile and apparel maker, said today it had swung to a profit of 31.7 billion won (US$27.9 million) in the third quarter from a 7 billion won loss a year ago. Revenue jumped 26.7 per cent year-on-year to 658.7 billion won for the July-September period, with operating profit surging 29.3 per cent to 44.1 billion won. The company, a subsidiary of the Samsung Group, said it will focus on lifting sales of high-end products and increasing...
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