Hotel Shilla's Operating Profit Down 34.1% YoY Last Year... Switched to Loss in Q4

[Asia Economy Reporter Seongpil Cho] Hotel Shilla announced on the 27th that its consolidated operating profit for last year was tentatively estimated at 78.3 billion KRW, a 34.1% decrease compared to the previous year. Sales increased by 30.2% year-on-year to 4.922 trillion KRW. The net loss turned to 50.2 billion KRW. Operating loss in the fourth quarter of last year was 6.7 billion KRW, turning to a deficit compared to the same period last year (operating profit of 25 billion KRW). Sales and net loss for this quarter were 1.2999 trillion KRW and 81 billion KRW, respectively.