Binggrae Maintains Dividend Despite 33% Profit Drop

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By Roh Hyun-young
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Binggrae maintains year-end dividend of 3,300 won per share despite 33% decline in operating profit - Seoul Economic Daily Finance News from South Korea
Binggrae maintains year-end dividend of 3,300 won per share despite 33% decline in operating profit

Binggrae (005180) announced on the 4th that its board of directors resolved to pay a cash dividend of 3,300 won per common share for the 2025 fiscal year settlement.

The total dividend payout amounts to approximately 29.2 billion won, unchanged from last year. The record date is the 19th of this month, with dividend payments scheduled to begin on the 13th of next month.

Binggrae posted consolidated revenue of 1.4896 trillion won and operating profit of 88.4 billion won last year. While revenue increased 1.8% year-over-year, operating profit fell 32.7% due to sluggish domestic consumption and rising raw material costs. Net income declined 46.2% to 55.6 billion won.

The company explained that despite these challenging business conditions, it decided to maintain dividend levels in line with the government's corporate value-up policy and shareholder return initiatives, while also considering special tax provisions for high-dividend companies.

Binggrae also announced medium- to long-term measures to enhance corporate value. The company presented key strategies including management efficiency improvements through the merger of subsidiary Haitai Ice Cream, restructuring of product and brand portfolios focused on profitability, stable investment operations, and clarification of dividend principles. The company also plans to expand overseas sales, focusing on major markets including the United States.

A Binggrae official said, "Despite the difficult business environment, we sought to align with government policy direction through measures to enhance shareholder value," adding, "We will continue to increase corporate value by strengthening business competitiveness."

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AI-translated from Korean. Quotes from foreign sources are based on Korean-language reports and may not reflect exact original wording.