[Click eStock] "E&Corporation, Subsidiary Growth to Continue"

[Asia Economy Reporter Hyungsoo Park] On the 21st, Yuhwa Securities forecasted that E&C Corporation's performance would improve as the subsidiary's results are fully reflected.

Researcher Seungjun Yoo of Yuhwa Securities explained, "As subsidiaries share technology and know-how, it will work favorably for securing orders," adding, "Hansung Cleantec's orders are steadily increasing."

He continued, "Eclean Water's facility investment has also been completed," adding, "Sales will start in earnest from this year."

He emphasized, "We also expect synergy effects with E&Water Solution," and "Daeyang Enviro will be reflected in consolidated results starting this year."

Researcher Yoo estimated, "Thanks to the balanced growth of subsidiaries, E&C Corporation will achieve sales of 285.4 billion KRW and an operating profit of 18.3 billion KRW this year," noting that these figures represent increases of 69.5% and 357.5%, respectively, compared to last year.

Furthermore, he explained, "We are also considering acquiring additional companies that can create synergy through mergers and acquisitions (M&A)," adding, "Performance growth through M&A will continue going forward."

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.