Inter-M Semi-Annual Report: Credit Rating Upgrade to BBB-, Share Buyback, Net Loss Reduction

Credit rating upgraded to BBB- from BB+ (previous year)
Consolidated half-year revenue 30.7 billion won, operating profit 0.5 billion won, net loss 0.05 billion won (significantly reduced from 0.76 billion loss in previous half-year)
Separate (non-consolidated) net profit 0.22 billion won (turned to profit)
Debt ratio 108.8% (improved from 111.3% at year-end)
Additional treasury share buyback (32,208 shares after reporting date, total 1,181,427 shares)
Order backlog of 12.84 billion won (Seoul Arena, Turkey railway project)
Lawsuit provision of 4.0 billion won set aside (claim amount 2.15 billion won)
R&D spending 1.95 billion won (6.3% of revenue)
Production utilization rate 53.4% (low)

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