Handsome's consolidation-based operating profit last year was 63.5 billion won, a decrease of 36.8% compared to the previous year.
According to the Financial Supervisory Service's electronic disclosure system on 7th, sales during the same period were 1.4835 trillion won, a decline of 2.8% compared to the previous year. Net profit for the period was 43.3 billion won, a decrease of 46.5% year-over-year.
In the fourth quarter of last year, the consolidation-based operating profit was 20.9 billion won, a decrease of 33.8% compared to the same period last year. Sales for the same period were 435.7 billion won, a decline of 3.8% year-over-year. Net profit was 13 billion won, a 42.6% decrease compared to the same period last year.
A Handsome official noted, "Sales and operating profit decreased due to prolonged shrinkage in consumer sentiment and the impact of abnormal weather. To improve performance, we will continue to pursue management efficiency efforts such as eliminating inefficiencies this year, while actively strengthening our strategy in the global fashion market and diversifying our portfolio."
Meanwhile, Handsome announced that it decided on a cash dividend of 750 won per common share. The dividend yield is 5.05%, and the total dividend amount is 16.1775 billion won.