LF's Operating Profit Up 17% YoY Last Year... Fashion and Food Soar Benefiting from Reopening
LF posted strong results last year, benefiting from increased fashion demand and the reopening of economic activities.
According to the industry on the 14th, LF announced in a disclosure the day before that its consolidated operating profit for last year was tentatively estimated at 185.2 billion KRW, a 17% increase compared to the previous year. Sales were recorded at 1.9685 trillion KRW, up 10% from the previous year.
LF explained that profits increased as sales in the fashion and food sectors rose due to the reopening, and the performance of real estate finance and food subsidiaries improved.
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An LF official said, "This year, we will build fandom centered on mega brands and discover new growth engines suitable for the rapidly changing distribution environment to enhance corporate value."
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