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S. KOREA'S PANTECH POSTS NET LOSS IN 2003.

AsiaPulse News

| February 02, 2004 | COPYRIGHT 2004 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SEOUL, Feb 2 Asia Pulse - Pantech Co. (KSE:25930), South Korea's third-largest handset maker with its sister company Pantech & Curitel Communications Inc., said it went into the red last year because of price competition with Chinese rivals and weak demand in the wake of the SARS outbreak.

For all of 2003, the Seoul-based company posted a net loss of 18.3 billion won (US$15.6 million), while sales rose 13 percent from the previous year to 615.3 billion won, Pantech said in a regulatory filing.

In the fourth quarter alone, Pantech generated 215.8 billion won in revenues on the back of growing shipments to Motorola Inc., the world's ...

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Source: HighBeam Research, S. KOREA'S PANTECH POSTS NET LOSS IN 2003.

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