Bitsem Electronics Reports Operating Profit of 1.1 Billion KRW Last Year, Down 41% YoY

[Asia Economy Reporter Minji Lee] Bitsaem Electronics announced on the 10th that its operating profit for last year was 1.10592 billion KRW, a 41% decrease compared to the previous year. Net profit recorded 964.02 million KRW, down 48%.

The company stated, "The profitability of consolidated subsidiaries deteriorated."

On the same day, the company announced that it decided on a cash and stock dividend of 290 KRW per common share as a year-end dividend. The total cash dividend amounted to 287.32 million KRW, and the total stock dividend amounted to 1.37798 billion KRW. The total dividend reached 1.6 billion KRW.