LS Marine Solution Annual Group Disclosure: Stable Financials, High LS Cable Ownership, and Large Securities Transaction with Affiliate
As of the end of the previous fiscal year, total assets stood at 723.2 billion KRW, total liabilities at 68.7 billion KRW, total equity at 654.5 billion KRW, and debt ratio of 10.5%, indicating a very sound financial structure.
Sales reached 72.3 billion KRW, operating profit 6.8 billion KRW, and net income 8.6 billion KRW, maintaining stable profitability.
Majority shareholder LS Cable & System holds 67.82% (35,428,897 shares), ensuring stable control. Treasury shares account for 2.58% (1,345,875 shares).
Securities transactions with affiliates: LS Marine Solution sold securities worth 290.9 billion KRW to LS Cable.
The board previously approved investments in new cable laying vessel (CLV), rights offering, and treasury share disposal, but these are already completed as of the filing date.
This disclosure is a routine annual group status report and does not include any special shareholder return policies such as new capital raising, dividends, or share cancellations.
[AI Summary]This disclosure is a regular annual status report of a large business group, containing no special positive or negative news. It reaffirms LS Marine Solution's financial soundness and stable governance structure. Neutral from an investor's perspective.
KOSDAQ Filing Information
Filing: Large Enterprise Group Status Disclosure [Annual And First Quarter Use (Individual Company)]