Dongbu Engineering & Construction (005960.KS) is accelerating its business restructuring through profit-centered management.
Dongbu E&C held its 57th annual general meeting at its headquarters in Yeoksam-dong, Gangnam-gu, Seoul on Thursday and approved all key agenda items as proposed, including financial statement approval, articles of incorporation amendments, and the appointment of directors and auditors.
Shareholders approved the fiscal year 57 financial statements along with cash dividends of 300 won per common share and 350 won per preferred share. Vice Chairman Heo Sang-hee and CEO Yoon Jin-oh were reappointed as inside directors, and auditor Lee Hyun-su was also re-elected.
Yoon, who chaired the meeting, said, "Despite an uncertain external environment last year, we achieved balanced results with consolidated revenue of 1.7586 trillion won and operating profit of 42.6 billion won." He added, "Based on our competitiveness in public construction projects, we secured a record-high 4.3347 trillion won in new orders, laying a solid foundation for unwavering growth."
"This year, we plan to place top priority on profit-centered management, conduct a comprehensive review of our cost structure, and enhance efficiency across all business operations to accelerate our restructuring efforts," Yoon said. "We will further solidify market trust by placing safety and quality as our foremost values, and build a foundation for sustainable growth."