Shinsegae International Q2 Net Profit Decreases by 41.7% to 19.4 Billion Won


On Wednesday, Shinsegae International Inc. announced a second-quarter net income of 19.4 billion won (US$14.7 million), representing a 41.7 percent decrease from the same period last year.

The company’s filing with the regulatory body revealed that operating income for the April-June period dropped 52.5 percent to 18.4 billion won, while revenue decreased 13.1 percent to 333.8 billion won.

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