LF Q3 Operating Profit 53.8 Billion KRW... Up 272% YoY
LF announced on the 14th that its consolidated operating profit for the third quarter of this year reached 53.8 billion KRW, a 272% increase compared to the same period last year.
During the same period, sales increased by 15% to 481 billion KRW.
The company explained that the strong third-quarter performance was due to increased fees from the sale of Koramco's REITs (Real Estate Investment Trusts) in the real estate finance sector.
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An LF representative commented on the fashion segment, stating, "Although fashion sales slightly declined due to the slowdown in domestic consumer spending and abnormal high temperatures, operating profit improved thanks to business structure improvements and management efficiency."
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