Jeongsang JLS Reports Operating Profit of 8.7 Billion KRW Last Year, Down 34% YoY

[Asia Economy Reporter Minji Lee] Jeongsang JLS announced on the 10th that its operating profit last year was 8.77489 billion KRW, a decrease of 34.49% compared to the previous year. Sales decreased by 8.74% to 85.3 billion KRW, and net profit fell by 12.5% to 6.7 billion KRW.

The company explained, "Due to COVID-19, full closure in March and non-face-to-face classes in April led to partial tuition fee deductions, causing changes in the profit and loss structure."

On the same day, the company also announced a cash dividend of 430 KRW per common share as a year-end dividend. As a differentiated dividend, the largest shareholder will receive a cash dividend of 300 KRW per share. The dividend yield is 6.39%, and the total dividend amount reaches 5.7 billion KRW.