Korea Business News Agency - NSP NEWS AGENCY.

(서울=NSP통신) soon ki Lee Journali = SK Square(CEO, Park Jeong-ho) announced its results from November to December 2021 with the notice of the general meeting of shareholders on the 25th.

SK Square’s consolidated performance from November to December 2021 recorded sales of KRW 1.14 trillion, operating profit of KRW 419.8 billion, and net profit of KRW 363.2 billion. SK Square’s major subsidiaries include SK Shields, 11st, SK Planet, Tmap Mobility, and One Store.

From this year, SK Square is expected to secure a more stable cash-generating power as dividend income increases due to SK Hynix’s strengthening shareholder return policy.

Recently, SK Hynix announced that it would raise fixed dividends per share from 1,000 won to 1,200 won, maintain an additional 5% of free cash flow, and conduct quarterly dividends. It also announced a plan to use about 50% of the free cash flow generated over the next three years as a shareholder return fund.

SK Square is preparing for new investments for future innovative companies in the semiconductor and ICT fields with the goal of increasing corporate value this year. In addition, the company plans to implement various portfolio management strategies such as IPO(Initial Public Offering) and expansion of domestic and overseas business partnerships to enhance the corporate value of subsidiaries.

SK Square’s net asset value(NAV) at the end of 2021 is about 26 trillion won, and the securities industry is positively predicting an increase in SK Square’s corporate value this year.

NSP News Agency soon ki Lee Journalist s8789@nspna.com
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