The dividend reflects a 2.6 per cent ratio.<\/p>\n\n\n\n\n\n\n\n
South Korea.-\u00a0Grand Korea Leisure (GKL)<\/strong>\u00a0has proposed a final cash dividend of KRW353 (US$0.26) per share<\/strong> for the fiscal year concluding on December 31, 2023. According to the announcement made on Friday (February 16), the proposed dividend reflects a ratio of 2.6 per cent based on the market price of the company\u2019s stock. <\/p>\n\n\n\n The recommendation was disclosed in a filing to the Korea Exchange and is estimated to cost KRW21.84bn. The scheduled date for the dividend payout is April 26, contingent upon approval at a shareholder meeting on March 28.\u00a0<\/p>\n\n\n\n The company reported\u00a0net income of KRW44.08bn (US$32.8m) for 2023<\/a>. The figure represented a turnaround from the net loss of KRW22.74bn reported in 2022, mainly due to the Covid-19 pandemic. The company posted\u00a0casino sales of KRW265.16bn (US$207.23m)<\/a>, up 49.8 per cent\u00a0when compared to the previous year<\/a>.\u00a0<\/p>\n\n\n\n GKL is the second South Korean casino operator to propose a final dividend for the fiscal year 2023. Paradise Co recommended a dividend of KRW100 per share on Thursday (February 15).<\/p>\n","protected":false},"excerpt":{"rendered":" The dividend reflects a 2.6 per cent ratio.<\/p>\n","protected":false},"author":176,"featured_media":16903,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Grand Korea Leisure (GKL) has proposed a final cash dividend of KRW353 per share for fiscal year 2023, reflecting a 2.6% ratio and an estimated cost of KRW21.84bn. This follows a significant financial turnaround, with net income of KRW44.08bn and casino sales up 49.8% year-on-year, recovering from a 2022 net loss. GKL is the second South Korean casino operator to propose a dividend, following Paradise Co.","focusai_entities":"Grand Korea Leisure, GKL, Korea Exchange, Paradise Co","focusai_location":"South Korea","focusai_target_profile":"ceo_executive (1.0), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"GKL Capex & Dividend Outlook?","query":"Given the GGR recovery, what are GKL's projected capital expenditure plans for 2024, and how might this impact future dividend policies and long-term shareholder value?"},{"label":"Dividend Ratio Comparison?","query":"How does GKL's 2.6% dividend ratio compare to other regional integrated resort operators, and what does this signify for its capital structure and shareholder return strategy in the competitive landscape?"}],"footnotes":""},"categories":[16338,163],"tags":[17025],"class_list":["post-777013263","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-grand-korea-leisure"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013263","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777013263"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013263\/revisions"}],"predecessor-version":[{"id":777013279,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777013263\/revisions\/777013279"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16903"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777013263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777013263"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777013263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}