Share cancellation and hybrid bond issuance improve financial structure, quarterly operating profit slightly down

Financial structure improvement: Debt ratio down from 296.9% to 270.9%, current ratio at 50.7%
Shareholder return: 400,000 treasury shares cancelled (~9.7 billion won), cash dividend of 300 won per share (total 2.53 billion won) paid
Capital expansion: 2nd perpetual convertible bond (hybrid security) issued for 4 billion won (classified as equity)
Operating performance: Consolidated revenue of 58.4 billion won (down 3% YoY), operating profit of 2.61 billion won (down 7% YoY), net profit attributable to parent of 2.09 billion won (down 3% YoY)
Overseas business expansion: Content supply agreements signed with SCOTS ENGLISH and Embassy Education in Vietnam, accelerating global expansion
Financial risks: Short-term borrowings of 42.28 billion won, 5 pending lawsuits (4.4 billion won)
Subsidiary performance: Cheongdam Media and Creverse F continue to post losses, cumulative unrecognized equity method losses

ADVERTISEMENT (250px+)