UPDATED. 2024-03-28 05:14 (목)
AP Systems records highest ever profit in 2020
AP Systems records highest ever profit in 2020
  • Gijong Lee
  • 승인 2021.03.03 22:04
  • 댓글 0
이 기사를 공유합니다

Company also announces 5 billion won shareholders return program
Image: AP Systems
Image: AP Systems

AP Systems said on Wednesday that it has recorded 591.8 billion won in sales and 46.2 billion won in operating income for the entire year of 2020.

It is a jump of 28% and 63%, respectively, from 2019. It is the company’s highest annual operating profit on record.

Improvement in produce mix for semiconductor equipment and cost control helped the company record an operating margin of 7.8% for the year, AP Systems said.

Its debt ratio have also declined for four straight years. In 2017, after its split listing on KOSDAQ, the debt ratio was 423%, but this declined to 295% in 2018 and 268% in 2019. In 2020, this declined even further to 168%.

AP Systems also announced cash dividends for shareholders worth 2 billion won and share buyback of 3 billion won. It will give 120 won per ordinary share and 480 won per preferred share. The dividends will be paid next month after the motion is approved at the shareholders’ meeting this month.

AP Systems CEO Kim Young-joo said the shareholders return program was decided to thank shareholders for their support which allowed the company to post record earnings in 2020 despite the pandemic.

The company’s display and semiconductor equipment businesses were continuing top grow, Kim said.


댓글삭제
삭제한 댓글은 다시 복구할 수 없습니다.
그래도 삭제하시겠습니까?
댓글 0
댓글쓰기
계정을 선택하시면 로그인·계정인증을 통해
댓글을 남기실 수 있습니다.

  • 515, Nonhyeon-ro, Gangnam-gu, Seoul, Republic of Korea 4F, Ahsung Bldg.
  • 대표전화 : 82-2-2658-4707
  • 팩스 : 82-2-2659-4707
  • 청소년보호책임자 : Stan LEE
  • 법인명 : The Elec Inc.
  • 제호 : THE ELEC, Korea Electronics Industry Media
  • 등록번호 : 서울, 아05435
  • 등록일 : 2018-10-15
  • 발행일 : 2018-10-15
  • 발행인 : JY HAN
  • 편집인 : JY HAN
  • THE ELEC, Korea Electronics Industry Media Prohibiting unauthorized duplication,publishing,modification and distribution the material on this Site for any purpose.
  • Copyright © 2024 THE ELEC, Korea Electronics Industry Media. All rights reserved. mail to powerusr@thelec.kr
ND소프트