General

Lotte Shopping remains in red in Q4


Lotte Shopping Co. on Thursday reported its fourth-quarter net loss of 56.4 billion won (US$42.5 million), remaining in the red compared with a year ago.

Operating profit for the October-December period was 202.4 billion won, up 117.4 percent from a year ago, the company said in a regulatory filing. Sales fell 4.1 percent to 3.63 trillion won.

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Source: Yonhap News Agency