According to data released by the Financial Supervisory Service on April 19, Mando’s earned surplus amounted to 654.2 billion won as of the end of last year, a four-fold increase by 523 billion won from a year ago (131.2 billion won).
The amount of earned surplus is a financial resource for shareholder dividends. The total amount of dividends cannot exceed the size of earned surplus. Mando also set aside 360.4 billion won out of the share premium account as earned surplus last year.
Instead of reducing 360.4 billion won in the share premium account, Mando increased the earned surplus by that much. This move indicates that Mando would increase the payment of dividends to shareholders. Mando paid a dividend of 46.8 billion won last year and 45.0 billion won in 2015.
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