BGF Retail Q4 net income down 5.4 pct to 38.6 bln won

SEOUL, BGF Retail Co. on Wednesday reported its fourth-quarter net income of 38.6 billion won (US$29.1 million), down 5.4 percent from a year earlier.The company said in a regulatory filing that it posted 51.1 billion won in operating profit for the quarter, compared with 52.3 billion won a year ago. Revenue rose 4.7 percent to 2.04 trillion won.The earnings exceeded market expectations. The average estimate of net profit by analysts stood at 36.2 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.Source: Yonhap News Agency