Ourhome Decides No Dividend at General Meeting... Returns to Profit After One Year

[Asia Economy Reporter Eunmo Koo] Ourhome announced on the 23rd that it held its regular shareholders' meeting and confirmed a 0% dividend rate for shareholders for the previous year.

Ourhome had previously approved the agenda of '0% shareholder dividend rate' at the board meeting. According to this decision, shareholders including Vice Chairman Gu Ji-eun will not receive dividends on their shares held last year.

Ourhome explained, "Instead of paying dividends to shareholders, we plan to strengthen crisis management in preparation for the possibility of losses in the meal service business due to this year's labor cost burden and rapid inflation."

According to the performance confirmed at the shareholders' meeting, Ourhome's operating profit last year turned positive to 25.7 billion KRW. Although it recorded a loss for the first time since its founding in 2020 when COVID-19 spread, it returned to profit in one year. Sales increased by 7% from the previous year to 1.7408 trillion KRW.

By sector, the food distribution division (ingredient business and food business) led the turnaround to profitability with record-high performance. Among them, the ingredient business benefited from targeting high-profit markets such as kids and silver segments, and the food business saw an increase in sales of home meal replacements (HMR).

An Ourhome official said, "This is the first time since Ourhome's founding in 2000 that there has been no dividend for shareholders," adding, "All executives and employees share the will to overcome the crisis and will strive to achieve sales of 2 trillion KRW this year through the recovery of the group meal service business."

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