GS Retail Reports Operating Profit of 245.1 Billion KRW Last Year, Up 11.7% YoY

GS Retail announced on the 7th that its consolidated operating profit for last year was tentatively estimated at 245.1 billion KRW, an increase of 11.7% compared to the previous year.

Sales reached 11.2264 trillion KRW, up 15.8% year-on-year. Net profit decreased by 93.7% to 50.4 billion KRW.

Operating profit for the fourth quarter was 85.3 billion KRW, a 180.9% increase compared to the same period last year. Sales and net loss were 2.8885 trillion KRW and 40.1 billion KRW, respectively.