AP System Reports 46.2 Billion KRW Operating Profit Last Year, Up 62% Year-on-Year

[Asia Economy Reporter Minji Lee] AP System announced on the 3rd that its operating profit last year reached 46.2 billion KRW, a 62% increase compared to the previous year. Sales grew by 28% to 591.8 billion KRW, and net profit rose 164% to 24.9 billion KRW.

The company stated, "Sales and operating profit increased due to increased capital investment in upstream industries, cost reduction, and expense management."

On the same day, the company announced a cash dividend of 120 KRW per common share. The dividend for unlisted preferred shares was set at 480 KRW. The common stock dividend yield is 0.5%, and the total dividend amount reaches 2.1 billion KRW.