Lingnet declares a dividend of 100 KRW per share... "Efforts to maintain dividend policy"

Internet network solution partner Ringnet announced on the 5th that it has decided to pay a dividend of 100 KRW per common share.

President Lee Jeong-min stated, "Since the last dividend of 100 KRW per share in 2010, we halted our dividend policy and focused on qualitative growth as our management direction. As a result, our equity capital grew 5.3 times to 90 billion KRW, sales increased 36 times to 200 billion KRW, and operating profit grew 3 times to 10 billion KRW. We would like to express our gratitude to our shareholders who have encouraged and supported us through difficult times, and we will strive to maintain a continuous dividend policy by establishing a stepping stone for future growth with this accumulated capital capacity."

Ringnet has pursued the expansion of professional human resources and diversification of business areas. In particular, it has worked hard to grow as a technology-specialized company. Based on the technical expertise accumulated in the traditional network market, it has expanded into new technology businesses such as security, cloud services, and data center solutions. It has secured a diverse range of customers. Recently, President Lee Jeong-min has taken the lead in driving Ringnet’s ‘Vision 2030’.

President Lee emphasized, “With a low debt ratio, we have financial self-sustainability to prepare for the adverse effects of high interest rates, and we will do our best in 2024 with a diverse business portfolio to cope with geopolitical instability. We are pleased to be able to resume dividends to our shareholders and investors who have given us trust and generous support.”

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