Interpark Reports Operating Profit of 2.5 Billion KRW Last Year... Returns to Profitability
[Asia Economy Reporter Eunmo Koo] Interpark announced on the 16th that its operating profit on a consolidated basis last year turned to a surplus of 2.5 billion KRW compared to the previous year. During the same period, sales decreased by 1.7% to 3.1158 trillion KRW.
In this regard, Interpark explained that this was due to improvements in subsidiary profitability and the decision to sell the e-commerce business division. In October last year, Interpark spun off its e-commerce business division and decided to sell 70% of the newly established company's shares to Yanolja.
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Interpark also decided to cancel all of its treasury shares (3,551,240 shares) on the same day to enhance shareholder value. The cancellation price per share is 3,280 KRW, and the total cancellation amount is 11.6 billion KRW. As of December 31 last year, a cash dividend of 50 KRW per share will also be implemented. The total dividend amount is approximately 3.9 billion KRW.
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