Lotte Shopping Co., Ltd. Announces Consolidated Earnings Results for the Second Quarter of 2019
August 09, 2019 at 04:00 am EDT
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Lotte Shopping Co., Ltd. announced consolidated earnings results for the second quarter of 2019. For the second quarter of 2019, Lotte Shopping's consolidated revenue was KRW 4.5 trillion, indicating 1% year-over-year increase. The 2019 second quarter operating profit was KRW 92 billion, indicating 5.7% year-over-year increase. The company’s net profit was KRW 77 billion in the second quarter of 2019.
Lotte Shopping Co Ltd is a Korea-based company mainly engaged in the operation of department stores. The Company operates its business through six segments. The Department Store segment is involved of the installation and operation of department stores such as Lotte Depart Store. The Company operates its department stores within the domestic market and to overseas markets, including Vietnam, Russia, Indonesia and China. The Discount Store segment is involved of the installation and operation of discount stores. The Electronics Store segment is engaged in the sale of home appliances and computers and communication devices. The Super segment is engaged in the operation of supermarkets and the rental of real estate. The Home Shopping segment mainly engages in home shopping and e-commerce business through Internet shopping mall and mobile. The Other segment engages in the businesses including the sale of cosmetics, food and other consumer goods, the operation of movie theaters and others.
LOTTE SHOPPING CO., LTD. 
