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Financial safety in drug industry far improved last year.

Published: 1999-09-28 10:31:00
Updated: 1999-09-28 10:31:00
According to the 1998 financial analysis reported by the Korea Industrial Development Bank, the pharmaceutical industry showed that the financial safety was good but profitability poor in 1998 compared to the previous year.

The equity ratio to the total asset was 31.89% in 1997 but increased to 33.86% last year. The debt ratio and the debt to total asset declined from 213.56% and 47.26% in 1...

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