Hotel Shilla Reports Operating Profit of 118.8 Billion KRW Last Year... Returns to Profitability

[Asia Economy Reporter Seungjin Lee] Hotel Shilla announced on the 28th that its consolidated operating profit for last year was tentatively estimated at 118.8 billion KRW, turning to a profit compared to the previous year (operating loss of 185.3 billion KRW).

Sales increased by 18.5% year-on-year to 3.7791 trillion KRW. Net profit also turned positive at 27.1 billion KRW.

Operating profit for the fourth quarter was 25 billion KRW, turning to a profit compared to the same period last year (operating loss of 35.2 billion KRW). Sales and net profit for the same quarter were 1.1298 trillion KRW and 17.7 billion KRW, respectively.