[Public Notice+] Woojin Declares Dividend of 100 Won per Share... "Enhancing Shareholder Value"

[Asia Economy Reporter Hyunseok Yoo] Woojin announced on the 21st that it held a board meeting and decided on a cash dividend of 100 KRW per common share. The total dividend amount is 2 billion KRW, with a dividend yield of 2.4% based on the market price.

Woojin, a precision measuring instrument specialist company, supplies measuring instruments and automation equipment to various industries including nuclear power plants. Woojin has consistently paid dividends since its listing but had no dividends since 2017.

A company official stated, "We decided on the dividend to strengthen the rights of many shareholders who have trusted and supported the company and to increase shareholder value," adding, "As the number of nuclear power plants capable of receiving parts supply is increasing again and there are positive factors, we will repay shareholders with improved performance."

On the 17th (local time), the operation of the first unit of the Barakah nuclear power plant in the United Arab Emirates was authorized, increasing the number of Korean-type nuclear power plants in operation. Approval for the second unit is expected within this year, and construction of the third and fourth units is over 90% complete, nearing completion, so Woojin expects future parts supply.

In particular, Woojin recorded sales of 8.7 billion KRW in the nuclear power plant measuring instrument business division alone in the fourth quarter of last year, a 40.4% increase compared to the same period the previous year. A company official emphasized, "The increase in sales in the fourth quarter, the peak season for the nuclear power plant business division, shows a turnaround in the atmosphere," and added, "This year, performance improvement is expected not only in parts supply but also in the maintenance service business division."

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