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Article: KOREAN GOLF CLUBS POST OPERATING PROFIT RATE OF 23.4 PCT.
- Article from:
- AsiaPulse News
- Article date:
- April 22, 2002
CopyrightCOPYRIGHT 2002 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)
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SEOUL, April 22 Asia Pulse - In the ratio of operating profits to sales, 58 local private golf courses last year exceeded 20 per cent, about four times larger than the average ratio for listed companies, according to a survey released Monday by the Korea Leisure Industry Consulting (KOLEC) said Monday.
The survey said the average ratio for the 58 private golf courses nationwide reached 23.4 per cent last year, 4.3 times larger than that of 5.5 per cent for the listed companies on the Korea Stock Exchange.
The average ratio for public courses was even higher for 9-hole (41.2 per cent) and 18-hole courses (28.6 per cent).
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