Innotheory Advances Dividend Payment... "Plans to Continue Increasing Dividends"
[Asia Economy Reporter Hyunseok Yoo] Inometry has doubled its cash dividends for two consecutive years immediately after its listing. The company plans to actively implement various shareholder return policies, including continuously expanding its dividend payout ratio.
On the 9th, Inometry announced that it had advanced and completed the payment of dividends originally scheduled for the end of this month. Inometry paid a cash dividend of 400 KRW per share as a year-end dividend last year. The total dividend amount was 1.93 billion KRW, doubling compared to the previous year, with the dividend record date being December 31 of last year.
An Inometry official stated, “We have been steadily paying dividends to contribute to shareholders' long-term investment returns and are also reviewing various shareholder-friendly policies. We will strive to increase corporate value through continuous order acquisition and stable performance growth, and further expand shareholder returns.”
He added, “This year, amid the economic difficulties caused by the COVID-19 pandemic, we expedited the dividend payment to provide some help to our shareholders. We will continue to be a company that leads shareholder-friendly management to enhance the interests of shareholders who trust and support Inometry.”
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Inometry’s order backlog for X-ray inspection equipment increased by 50% in the first quarter of this year compared to last year, driven by the rapid growth of the electric vehicle market and facility expansions by major customers, global secondary battery manufacturers. The secondary battery stacking manufacturing equipment business also secured a reference by completing the first mass production equipment supply to a U.S. company last year. In the first half of this year, a new factory in Hwaseong, Gyeonggi Province, four times the size of the existing factory, is scheduled to be completed.
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