Lotte Shopping turns to black in Q2
상태바
Lotte Shopping turns to black in Q2
  • Son Da-som
  • 승인 2019.08.10 01:39
  • 댓글 0
이 기사를 공유합니다

Lotte Shopping Co., the operator of South Korea's biggest department store and a leading discount store, said Friday it swung to the black in the second quarter from a year earlier thanks to its department store business.

The key unit of retail giant Lotte Group posted a net profit of 76.9 billion won (US$63.6 million) on a consolidated basis in the April-June period, compared with a net loss of 214 billion won a year earlier, the company said in a regulatory briefing.

Its sales rose 1 percent on-year to 4.46 trillion won in the second quarter, while operating profit advanced 5.7 percent to 91.5 billion won over the cited period, the firm said.

Lotte Shopping said its sales increased despite the toughening competition with online retailers.

Its department store chain, Lotte Department, saw its first-quarter sales slip 0.6 percent on-year to 764 billion won, but its operating profit increased 30.4 percent to 74 billion won.

Lotte Mart, its discount store chain, recorded 1.59 trillion in sales and 1.6 percent on-year growth but suffered an operating loss of 34 billion won, it added. (Yonhap)


댓글삭제
삭제한 댓글은 다시 복구할 수 없습니다.
그래도 삭제하시겠습니까?
댓글 0
댓글쓰기
계정을 선택하시면 로그인·계정인증을 통해
댓글을 남기실 수 있습니다.
주요기사