April 20, 2024
Mobile & Internet
Naver maintains 30% dividend payout ratio
[THE INVESTOR] Naver, South Korea’s top internet portal operator, will continue to maintain a dividend payout ratio of 30 percent, the company said on Oct. 27.
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“Since 2009, we have been giving 30 percent of net income to shareholders and we will continue to do so,” Naver said during a conference call to discuss its third-quarter financial and operating results.
It also added that the company has no plan to retire its treasury stocks.
The company's net profit surged 69.5 percent from a year earlier to 198 billion won (US$174.1 million) in the July-September period by growing sales from overseas and its mobile business.
Sales jumped 20.5 percent on-year to 1.01 trillion won while operating profit surged 27.6 percent to 282.3 billion won.
By Park Han-na (hnpark@heraldcorp.com)
