GS Retail Reports Operating Profit of 252.6 Billion KRW Last Year, Up 5.7% Year-on-Year
[Asia Economy Reporter Lim Chun-han] GS Retail announced on the 8th that its consolidated operating profit for last year was tentatively estimated at 252.6 billion KRW, a 5.7% increase compared to the previous year.
Sales amounted to 8.8623 trillion KRW, a 1.6% decrease from the previous year. Net profit increased by 7.6% to 154.5 billion KRW.
Operating profit for the fourth quarter of last year was 25.7 billion KRW, down 48.5% from the same period last year. Sales and net profit were 2.1609 trillion KRW and 5.4 billion KRW, respectively.
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The fourth quarter operating profit fell short of the market forecast of 35.2 billion KRW compiled by Yonhap Infomax by 27.1%.
This content was produced with the assistance of AI translation services.
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