Hyundai Glovis Reports 4Q Operating Profit of 228.4 Billion KRW, Up 19% YoY

"Increase in Non-Affiliated Volume in Finished Vehicle Maritime Transport Business... Driving Profitability"

[Asia Economy Reporter Yu Je-hoon] Hyundai Glovis announced on the 22nd that its consolidated operating profit for the fourth quarter of last year was preliminarily estimated at 228.4 billion KRW, a 19.0% increase compared to the same period last year. During the same period, sales increased by 6.4% to 4.8024 trillion KRW.

The total annual sales for last year were preliminarily estimated at 18.27 trillion KRW, an 8.3% increase, and operating profit was 876.5 billion KRW, a 23.4% increase.

A Hyundai Glovis official stated, "Profitability improved and overall performance was enhanced as non-affiliated volume significantly increased in the finished vehicle maritime transportation business. We will focus on strategic businesses such as expanding non-automotive logistics and strengthening sales targeting global shippers to promote future growth."

Meanwhile, Hyundai Glovis also announced on the same day that it decided on a cash dividend of 3,500 KRW per common share as a year-end dividend. The dividend yield is 2.4%, with a total amount of 131.25 billion KRW.

This content was produced with the assistance of AI translation services.