Me2Zen "Cash Dividend Decision... 40% Dividend Payout Ratio in 2020"

[Asia Economy Reporter Hyunseok Yoo] Global mobile casual game company Meetuzen announced on the 16th that it plans to distribute a cash dividend of 40% of the consolidated net profit for the fiscal year 2020.

Meetuzen is implementing dividends according to the company policy of actively returning profits to shareholders. The dividend record date is set for the 31st, and the actual dividend amount will be finalized through approval by the closing board of directors and the general shareholders' meeting.

Meetuzen has maintained solid growth by recording an average annual sales growth rate of 39% over the past five years through its social casino and casual game businesses. Based on a diversified game portfolio, marketing capabilities, and operational know-how, it achieved cumulative sales of 85.6 billion KRW, operating profit of 37.2 billion KRW, and net profit of 30.4 billion KRW in the third quarter of this year, setting a record high performance.

Recently, Meetuzen released a new type of mobile casual puzzle game, 'Word Tap Tap'. In 2021, it plans to sequentially launch new titles such as an evolved version of social casino and casual games in the strategy simulation genre. It also intends to actively pursue mergers and acquisitions (M&A) targeting global game companies to accelerate growth.

Barry Lau, co-CEO of Meetuzen, said, "We decided on a cash dividend of 40% of this year's net profit to fulfill the shareholder-friendly policy promised at the time of listing last August. We will continue to build trust by practicing transparent and responsible management, actively communicating with the stock market, and keeping our promises."

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