AD Motors Co., Ltd. (South Korea)

Biz revenue grew YoY, thanks to visible sales of change levers, according to governments green growth policy, and sales augmentation of electric car parts.Net loss rose YoY, because of increase in selling and administrative expenses including wage/salary, ad expense, depreciation on intangible expense and overseas market development expense, and loss on disposition of available for sale securities.Cash liquidity is rigid, due to firms procuring funds thru paid in capital increase and BW, arising from continued loss, in view of early stage of domestic low speed electric car market. Growth is expected, owing to demand expansion, according to governments electric car purchase and subsidy payment, secured electric car orders from the Public Procurement Service and launching of export to Japan.Deficit is likely to dwindle, because of sales growth, according to order expansion, despite marketing expenses, deriving from electric car PR, and continued fixed cost burden including amortization of development expense.Electric cars market expansion is forecast, in view of acceleration of electric car operation environment, stemming from governments electric car recharging station system establishment and subsidy payment.