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SEOUL - Samsung Electronics Co (F:SAMEq)., Ltd. (KS005930, KS005935, SMSN, SMSD) concluded its 56th Annual General Meeting of Shareholders today, with key decisions including the approval of the company’s financial statements and the election of board members.
The meeting resulted in the ratification of the financial statements for the fiscal year ending December 31, 2024. Samsung (KS:005930) reported assets totaling KRW 514,532 billion, liabilities of KRW 112,340 billion, and equity amounting to KRW 402,192 billion. The company’s revenue stood at KRW 300,871 billion, with an operating profit of KRW 32,726 billion and a net income of KRW 34,451 billion. The earnings per share were announced as KRW 4,950.
Shareholders approved the distribution of cash dividends for the 56th fiscal year, with a year-end dividend per share of KRW 363 for common stock and KRW 364 for preferred stock. The interim dividend per share was KRW 1,083 for both common and preferred stock. The total dividend payout, combining interim and year-end dividends, reached KRW 9,811 billion. The dividend yield was reported at 2.7% for common shares and 3.3% for preferred shares, based on the average share price in line with Korea Exchange (KRX) guidelines.
The assembly also approved the election of directors, with four new independent directors—Mr. Jun-Sung Kim, Mr. Eunnyeong Heo, Ms. Myung-Hee Yoo, and Mr. Hyuk-Jae Lee—joining the board. Independent (LON:IOG) directors now comprise 60% of the board. Additionally, three executive directors—Mr. Young-Hyun Jun, Mr. Tae-Moon Roh, and Mr. Jai-Hyuk Song—were elected.
Moreover, the meeting ratified the approval of the director remuneration limit and elected members to the Audit Committee, including Mr. Je-Yoon Shin and Ms. Myung-Hee Yoo.
The information provided is based on a press release statement and is intended to inform shareholders and the public of the outcomes of Samsung’s Annual General Meeting. The decisions made reflect the company’s compliance with corporate governance standards and its commitment to transparency in financial reporting and board member selection.
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