Michang Oil Ind Co Ltd operates in the Lubricating oils and greases sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Michang Oil Ind Co Ltd with three other
miscellanous petroleum and coal products in Asia:
Jiangsu Lopal Tech Co Ltd
sales of 1.69 billion Chinese Renmimbi [US$236.88 million]
(28.81 billion Japanese Yen [US$267.61 million]
of which 69%
was Japan), and
Gulf Oil Lubricants India Ltd
based in INDIA
(17.06 billion Indian Rupees [US$224.65 million]
of which 100%
Michang Oil Ind Co Ltd reported sales of 323.73 billion Korean Won (US$260.92 million)
December of 2019.
increase of 2.3%
versus 2018, when the company's sales were 316.30 billion Korean Won .
This was the third consecutive year of growth at Michang Oil Ind Co Ltd.
The sales level in 2019 was fairly close to the level five years ago: in 2014, Michang Oil Ind Co Ltd had sales
of 355.67 billion Korean Won .
Sales of Lubricating Oil saw an increase
that was more than double the company's growth rate: sales were up
7.0% in 2019, from
236.00 billion Korean Won to 252.63 billion Korean Won .
Not all segments of Michang Oil Ind Co Ltd experienced an increase in sales in 2019:
sales of Raw Oil fell 20.5% to 6.71 billion Korean Won .
(However, this segment's sales were only a very small portion of the company's overall sales).
Michang Oil Ind Co Ltd also experienced decreases in sales in
Rubber Ingredient (down 10.0% to 57.46 billion Korean Won )
Electrical Insulating Oil (down 13.8% to 6.92 billion Korean Won )