Second Quarter Earnings of Lotte Shopping Surge 156.3 Percent to 116.6 Billion Won


On Thursday, Lotte Shopping reported a second quarter net profit of 116.6 billion won, a jump of 156.3 percent from the same period a year ago. Operating profit for the April-June period, however, dropped 30.8 percent to 51.5 billion won, with sales declining 7.2 percent to 3.62 trillion won.

The company’s financial performance exceeded market expectations, with analysts predicting a net profit of 13.7 billion won according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.

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