SJM Holdings Reports 4.2 Billion KRW Net Profit Last Year, Down 54% Year-on-Year

by Gi Yeonjin

Published 23 Feb.2021 16:08(KST)

Updated 23 Feb.2021 16:09(KST)

[Asia Economy Reporter Ji Yeon-jin] SJM Holdings announced on the 23rd that its consolidated net profit for last year was 4.2 billion KRW, a 54% decrease compared to the previous year.

During this period, sales decreased by 11.9% to 141.5 billion KRW, and operating profit increased by 1.2% to 6.3 billion KRW. The company explained that "the earnings of subsidiaries worsened due to exchange rate fluctuations."

The company decided to pay a cash dividend of 100 KRW per common share as of December 31 last year. The total dividend amount is approximately 1.4 billion KRW, with a dividend yield of 3.3% based on market price.