DL E&C to Enhance Shareholder Value by Returning 15% of Controlling Shareholder Net Profit

[Asia Economy Reporter Onyu Lim] DL E&C (formerly Daelim Industrial) announced its medium-term shareholder return policy on the 26th.

This formalizes the direction of DL E&C's dividend policy, launched this year, aiming to enhance shareholder value by expanding shareholder returns following the corporate split.

DL E&C plans to utilize 15% of the controlling shareholder's net profit generated over the three years from this year to 2023 for shareholder returns annually. Of the controlling shareholder's net profit, 10% will be returned to shareholders as cash dividends, and an additional 5% will be used to repurchase treasury shares, effectively expanding shareholder returns.

To eliminate uncertainty regarding dividends and improve long-term investment predictability for shareholders, DL E&C has finalized and announced a medium- to long-term dividend policy. The shareholder return methods have also been diversified to combine cash dividends with treasury share repurchases.

The company also revealed its future investment plans. Through strengthening its developer business, it will pursue a high-profit-centered business portfolio advancement. Over the next three years, it plans to invest more than 200 billion KRW annually, focusing on business models that can secure stable and high returns. Based on this, DL E&C aims to expand investments in future new businesses to establish a sustainable growth model. Additionally, it plans to actively explore new business opportunities in the ESG (Environmental, Social, and Governance) sector. In response to the global strengthening of the carbon neutrality trend, it is considering entering the hydrogen energy business and carbon capture and storage business.

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