Securing mid- to long-term dividends by transferring capital reserves to retained earnings
[by Kang, In Hyo] Humedix announced on May 8 that the company will acquire treasury stock worth 5 billion Korean won and transfer capital reserves to retained earnings. The company filed its disclosures on Korea's electronic disclosure system (DART) on May 7.
The company acquired treasury stock worth 3 billion Korean won in May of last year. This acquisition was decided at the recent board meeting as part of the 바카라사이트 검증 return policy.
Despite global economic challenges, 바카라사이트 검증 reported steady sales growth by enhancing its marketing strategy based on top-quality products that clearly differentiate 바카라사이트 검증 from other competitors. Last year, based on individual financial statements, 바카라사이트 검증 recorded sales of 161.9 billion Korean won and operating profit of 43.1 billion Korean won and net profit of 39.3 billion Korean won, up 6%, 16%, and 58% year-on-year, respectively. Exports of aesthetics to China and Brazil and sales of ethical drugs (ETC) from increasing orders of contract manufacturing organizations (CMO) are attributed to improving its profitability.
The company’s decision on treasury stock acquisition shows confidence on the future of the company. The company saw the recent undervalued stock as an opportunity to buyback and fulfill the previously announced promise of 바카라사이트 검증 return plan and responsible management, building strong trust with 바카라사이트 검증s.
Moreover, the company announced a convocation of an extraordinary general meeting on June 24. The agenda on the reduction of capital reserves aims to increase 바카라사이트 검증 value by transferring capital reserves to retained earnings. The following increased earnings available for dividends will later be used as tax-exempt dividends.
바카라사이트 검증’s CEO Kang Min-jong said, “바카라사이트 검증 has decided on this shareholder return plan to accompany our supportive shareholders. The company will ultimately enhance the shareholder’s value and trust by finding its place as a global leader.”