Russell Reports Operating Profit of 2.8 Billion KRW Last Year, Down 43% YoY
[Asia Economy Reporter Minji Lee] Russell announced on the 19th that its operating profit decreased by 43% compared to last year, recording 2.8 billion KRW. Sales fell by 16% to 34.4 billion KRW, and net profit dropped by 52% to 1.9 billion KRW.
The company stated, "Profits declined due to decreased sales from delays in overseas projects caused by COVID-19 and changes in accounting standards."
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On the same day, Russell announced a cash dividend of 25 KRW per share as a year-end dividend. The dividend yield was 0.9%, with a total dividend amount of 724.19 million KRW.
This content was produced with the assistance of AI translation services.
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