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DB Earnings
On January 26, DB announced its earnings for the fourth quarter of last year. The company’s operating profit reached 1.04 trillion won, a 20% increase from the same period last year.
The company’s revenue for the fourth quarter was 20.5 trillion won, a 10% increase from the same period last year. The operating profit margin was 5.1%, a 0.4 percentage point increase from the same period last year.
DB’s earnings for the fourth quarter were driven by strong performance in its logistics and shipping businesses. The company’s logistics business saw a 20% increase in revenue, while its shipping business saw a 10% increase.
DB’s CEO said, “We are pleased with our earnings for the fourth quarter, which reflect the company’s strong performance in its core businesses. We will continue to focus on improving our operational efficiency and expanding our business to drive growth and increase shareholder value.”
The company’s board of directors has approved a dividend of 2,000 won per share, which will be paid out on March 25.
DB’s earnings for the fourth quarter were announced at a meeting of the company’s board of directors, which was held on January 26.
