Yuhan Corporation Reports Operating Profit of 48.6 Billion KRW Last Year, Down 42% from Previous Year
[Asia Economy Reporter Lee Seon-ae] Yuhan Corporation announced on the 16th that it recorded consolidated sales of 1.6878 trillion KRW and an operating profit of 48.6 billion KRW last year. Sales increased by 4.2% compared to the previous year, but operating profit decreased by 42.3%.
The company explained, "The main factors for the decrease in operating profit were the decline in license revenue and the decrease in gains from the disposal of assets held for sale (gain from the sale of the Gunpo factory site)."
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Meanwhile, Yuhan Corporation decided on a dividend of 400 KRW per common share and 410 KRW per preferred share on the same day. The dividend yield is 0.61% and 0.67%, respectively, with a total dividend amount of approximately 26 billion KRW.
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