BGF Retail Reports Operating Profit of 162.2 Billion KRW Last Year, Down 17.5% Year-on-Year
[Asia Economy Reporter Lim Chunhan] BGF Retail announced on the 9th that its consolidated operating profit for last year was tentatively estimated at 162.2 billion KRW, a 17.5% decrease compared to the previous year.
Sales increased by 4% year-on-year to 6.1813 trillion KRW. Net profit decreased by 19% to 122.7 billion KRW.
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Operating profit for the fourth quarter of last year was 35.5 billion KRW, down 20.2% from the same period last year. Sales and net profit were 1.5563 trillion KRW and 26.2 billion KRW, respectively.
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