Yusu Holdings, 50% Sales Increase Last Year... Operating Profit Turns Positive

[Asia Economy Reporter Ji Yeon-jin] Yusu Holdings announced on the 14th that its consolidated sales for last year amounted to 503.7 billion KRW, a 50.4% increase compared to the same period last year.

During this period, operating profit turned positive to 20.3 billion KRW, but net profit decreased by 50.5% to 31.2 billion KRW.

The company explained, "The improvement in performance is due to the strong business of the logistics subsidiary and the turnaround to profitability of the IT subsidiary," adding, "The 2020 pre-tax income and net profit included 112.9 billion KRW from the sale of the company building."

Yusu Holdings also announced on the 14th that it decided to pay a cash dividend of 400 KRW per common share.