Korea Zinc is experiencing a strong early trading session following the announcement of its record half-year earnings and a large-scale shareholder return policy.
As of 10:29 a.m. on the Korea Exchange, Korea Zinc shares rose by 128,000 won (11.69%) to 1,223,000 won compared to the previous trading day.
This increase in stock price is attributed to the simultaneous announcement of strong earnings and an expanded dividend policy. The company reported a consolidated revenue of 12.445 trillion won and an operating profit of 1.333 trillion won for the first half of the year, marking increases of 62.5% in revenue and 151.1% in operating profit compared to the same period last year. The company described this as its largest half-year performance in history.
Analysts attribute the performance boost to improved profitability in the non-ferrous metals sector, increased sales of precious metals, and favorable exchange rate effects. The market views Korea Zinc as maintaining a stable growth trajectory based on its core business competitiveness.
The strengthened shareholder return policy has also stimulated investor sentiment. The board of directors decided to pay a dividend of 5,000 won per share for the second quarter, with the record date set for August 20 and the payment date scheduled for September 4. The total dividend for the second quarter amounts to 102 billion won.
Including the dividend paid for the first quarter, the cumulative dividend for the first half of the year reaches 10,000 won per share, totaling 204 billion won.
* This article has been translated by AI.
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