Shinsegae Reports Operating Profit of 88.4 Billion KRW Last Year, Down 81.1% Year-on-Year
[Asia Economy Reporter Lee Seon-ae] Shinsegae announced on the 17th that its consolidated operating profit for last year was tentatively estimated at 88.4 billion KRW, down 81.1% from the previous year. Sales decreased by 25.5% to 4.766 trillion KRW, and net loss turned to a deficit of 61 billion KRW.
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Operating profit for the fourth quarter of last year was 103.1 billion KRW, down 46.9% compared to the same period last year.
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