Lotte Shopping Co., Ltd. Reports Consolidated Earnings Results for the First Quarter of 2019
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.