Hwaseong Industry Decides on 500 Won Cash Dividend per Share at General Meeting

On the 22nd, Hwaseong Industrial decided on a cash dividend of 500 KRW per common share at the annual general meeting of shareholders.

The total dividend amount is 4.574 billion KRW.

On the 22nd, Hwaseong Industrial held its regular shareholders' meeting.
[Photo by Hwaseong Industrial]

On the same day, Hwaseong Industrial announced that its sales in 2023 reached 908 billion KRW, a 40.6% increase from 645.7 billion KRW in 2022, with operating profit and net profit of 25.2 billion KRW and 19.2 billion KRW respectively. Chairman Lee Jong-won stated, "Last year, with persistent high inflation and high interest rates, low growth became more pronounced and many macroeconomic indicators worsened, but Hwaseong Industrial recorded the highest-ever construction performance and laid the foundation for overseas business expansion along with stable order intake."

Chairman Lee added, "This year, we will accelerate changes and innovations while newly entering new construction value chain business areas such as resource circulation business and overseas construction business, and gradually increase the proportion of profit-oriented development projects to secure sustainable growth potential and enhance the company's intrinsic value."

Meanwhile, through the shareholders' meeting on the same day, Hwaseong Industrial changed its company name to 'HS Hwaseong'.