Dongbu Corporation announced on the 25th that it held its 56th regular general meeting of shareholders at its headquarters in Yeoksam-dong, Gangnam-gu, Seoul.
During the general meeting, Dongbu Corporation approved the agenda items, including the approval of financial statements and the appointment of directors.
Yoon Jin-o, CEO of Dongbu Corporation, who chaired the meeting, said, "Last year, we achieved solid performance in the fields of civil engineering, construction, and plants focused on public projects, securing a stable revenue base," adding, "We are pushing for a rebound in performance through ongoing cost rate improvement efforts."
CEO Yoon continued, "This year, we plan to concentrate the company's capabilities on securing competitiveness through cost innovation," and promised shareholders to make every effort for stable growth and enhancement of shareholder value.
Despite rising raw material prices and a real estate market slump last year, Dongbu Corporation recorded a consolidated revenue of 1.6884 trillion won. As of the end of last year, the order backlog stood at approximately 10.6 trillion won, securing ten years' worth of work.
A representative of Dongbu Corporation noted, "This year, we will continue to maintain our reputation as a trusted construction company by prioritizing safety and quality along with performance improvement," and emphasized that they would focus on establishing a virtuous cycle structure that leads to high-quality orders and an increase in corporate value.