Moorim P&P 1Q Consolidated Operating Loss Narrows to 5.8B Won, Dividend Raised to 125 Won/Share

Consolidated revenue 186.2B won (+7.6% YoY), operating loss 5.8B won (down 34.8% from 8.9B loss), net loss 10.1B won (slightly up from 8.7B loss)
Separate revenue 180.0B won (+6.5%), operating loss 8.0B won (vs. 7.1B loss), net loss 8.8B won (vs. 5.2B loss)
Cash dividend 125 won/share (+25% from 100 won), 16 consecutive years, target payout ratio 20-30%
Total equity 588.7B won, debt ratio 209%, Moorim Capital adjusted equity ratio 42.0% (sound), NPL ratio 5.9% (improved from 7.0%)
Pending wage lawsuit (421 plaintiffs, 14.7B won), past FX law penalties and tax assessments, provisional FTC fine (not finalized)
New businesses (pulp mold, nanocellulose) generate minimal revenue (2.3B won and 30M won annually)