Lotte Shopping Co., Ltd. Reports Consolidated Earnings Results for the First Quarter of 2019
May 09, 2019 at 04:00 am EDT
Lotte Shopping Co., Ltd. reported consolidated earnings results for the first quarter of 2019. For the quarter, the company reported consolidated revenue was KRW 4.4 trillion, indicating 2.6% year-over-year increase. Operating profit was KRW 205 billion, indicating a 7.1% Y-o-Y decline. Net profit was KRW 109 billion in the first quarter of 2019, which includes increased interest expense regarding application of new lease accounting standards.