Lotte Chilsung Beverage Q2 Earnings Drop 20.4 Percent to 33 Billion Won


On Wednesday, Lotte Chilsung Beverage Co. reported a second-quarter net profit of 33 billion won (US$25.4 million), a decrease of 20.4 percent from the year prior.

The firm declared a 59.2 billion won operating profit for the quarter, compared to 63.8 billion won a year ago, and sales rose 4.5 percent to 796.2 billion won.

The results were lower than anticipated. According to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency, the average forecast for net profit was 39.1 billion won.

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