Lotte Card Co., Ltd. Approves 38.2 Billion Won Interim Dividend... Strengthening Shareholder Returns

[Financial News] Lotte Card Co., Ltd. has decided to pay an interim cash dividend of 38.2 billion won. This move is aimed at returning value to shareholders by compensating for the reduced dividends resulting from poor performance last year and reflecting improvements in this year's earnings.
Lotte Card Co., Ltd. announced on the 15th that it held an extraordinary board meeting and resolved to pay an interim cash dividend of 38.2 billion won.
Since its acquisition by MBK Partners, Lotte Card Co., Ltd. has maintained a dividend payout ratio of 20–30%. Last year, net profit was 79.8 billion won, a 41.9% decrease from the previous year. This was influenced by conservative provisioning for preemptive risk response and one-time costs related to cyber intrusion incidents.
Performance improved this year. Net profit for the first half of the year was 64.7 billion won, a 55.5% increase compared to the same period last year. The restructuring of the portfolio centered on blue-chip clients, risk management, and cost efficiency were effective.
A Lotte Card Co., Ltd. official stated, "There are currently no plans for additional dividends," adding, "Even if we proceed with the final dividend, we plan to maintain the dividend payout ratio within 30%, including this interim dividend."


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