SK Networks Reports Operating Profit of 237.3 Billion KRW Last Year, Up 33.6% from Previous Year

SK Networks announced on the 13th that its operating profit for last year was preliminarily estimated at 237.3 billion KRW, a 33.6% increase compared to the previous year.

Sales amounted to 9.1339 trillion KRW, a 3.1% decrease from the previous year. In the fourth quarter of last year, sales recorded 2.4071 trillion KRW, and operating profit was 50.5 billion KRW.

SK Networks analyzed that profits expanded significantly based on the structural improvements of Walkerhill and major investee companies.

Along with this, SK Networks decided to increase regular dividends and cancel 6.1% of its treasury shares to enhance shareholder value.

The SK Networks board of directors resolved to raise the regular dividend from the previous 120 KRW per common share (145 KRW per preferred share) to 200 KRW (225 KRW per preferred share). Early next month, 14,503,630 treasury shares will be canceled. This accounts for 6.1% of the total shares, amounting to approximately 77 billion KRW based on the average acquisition cost.

Previously, SK Networks had canceled 5% of its treasury shares last year.

Lee Ho-jung, CEO of SK Networks, stated, "Following last year's strong performance amid challenging conditions, we will push forward more decisively and rapidly with innovation as an AI-centered business investment company this year. We will ensure that the shareholder return policy, implemented with the management's determination, leads to greater value creation and enhancement of corporate value."

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