Lotte Shopping Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 16, 2022 at 04:17 am EDT
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Lotte Shopping Co., Ltd. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was KRW 589,954.87 million compared to KRW 627,712.29 million a year ago. Net income was KRW 48,396.22 million compared to net loss of KRW 41,232.93 million a year ago. Basic earnings per share from continuing operations was KRW 1,650 compared to basic loss per share from continuing operations of KRW 1,459 a year ago. Diluted earnings per share from continuing operations was KRW 1,650 compared to diluted loss per share from continuing operations of KRW 1,489 a year ago. Basic earnings per share was KRW 1,650 compared to basic loss per share of KRW 1,459 a year ago.
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. 
