[Featured Stock] Hyundai Rotem Surges Over 13% After First 4 Trillion Won Sales Breakthrough

Dividend Increase Expectations Also a Factor

Hyundai Rotem, which achieved its first-ever 4 trillion won in sales since its founding, is showing strong performance on the 6th.

As of 2:17 PM on the day, Hyundai Rotem's stock is trading at 69,500 won, up 13.75% compared to the previous session. Although it showed a downward trend early in the session, the increase expanded in the afternoon.

Hyundai Rotem announced that its consolidated operating profit for last year was tentatively estimated at 456.6 billion won. This is a 117.4% increase compared to the previous year (210 billion won). Sales rose 22% from the previous year (3.5874 trillion won) to 4.3766 trillion won, surpassing 4 trillion won in sales for the first time in history. Net profit increased by 158.5% to 405.3 billion won from 156.7 billion won the previous year.

The expectation of increased dividends is also interpreted as a factor driving the stock price up. Hyundai Rotem announced that it has established a dividend policy to increase dividends per share by 10-50% annually over the next two years to enhance shareholder value. Last year's cash dividend was decided at 200 won per common share.