The positive outlook for the Hanwha Nestled in total revenue of the Hanwha Group with [South Korea financial newspaper stand hyomun News] last year, Hanwha Chemical has been raised.
Korea Ratings (hereafter Korea Ratings) has raised the credit rating outlook of Hanwha Total last 13 days. Korea Ratings is adjusted from 'AA- / Stable "for Hanwha Total to' AA- / Positive '.
Korea Ratings heard about this adjustment on the basis of such to maintain financial stability in the financial burden of such industry profit product line that is diversified across accordance create strong scale-up and dividend and capex.
Hanwha actually showed a total figure for operating profit surged over the past three years or more - up to seven times. The past after 2014 operating profit transfer to the Hanwha Group soared. △ Hanwha Total recorded an operating profit of 172.7 billion won in 2014 the △ 2015 years △ 7949 billion won showed 1.4467 trillion won in 2016. The past three years, operating profit surged more than 7.3 times.
Of Institute of stomach Korea Ratings Rating 4 rooms senior researcher explained, "Since 2015, while the main raw material of naphtha prices plummeting oil prices impact was overall margin rises" and "thus the profits of scale Hanwha Total has been greatly expanded."
The positive assessment led about 5400 billion investment in recent Hanwha Total determined. Hanwha Total has finally approved the extension to open in the last 12 days the Board NCC (Naphtha Cracking Center) side gas cracker with GTG (Gas Turbine Generator, gas turbine generator). Total investment is targeted to be completed in June 2019 coming to 539.5 billion won.
This investment Hanwha Total is reported to be saengsang add 310,000 tons per year of ethylene, 130,000 tons of propylene. Including them coming Hanwha Total 2019 is to have a production capacity of 1.4 million tons per year of ethylene and propylene 106 tons.
Choejuuk Korea Ratings Rating 4 Room evaluate professional members "since the 2015 creation of surplus cash in the past two years, 1.4 trillion won thanks to the improvement in profitability, and net debt is significantly reduced," said "Based on this, Hanwha a total of dividend and investment enough financial capacity you can afford will not be enough, increase the financial impact of the recent decision to invest, "he said.
Daily Economic News Finance FNTIMES - commercial reprint, copy, distribute prohibited purposes under the Copyright Act
Copyright ⓒ Korea's Financial News & FNTIMES.com
