Shinsegae Reports Operating Profit of 645.4 Billion KRW Last Year, Up 24.7% YoY

Shinsegae announced on the 8th that its consolidated operating profit for last year was tentatively estimated at 645.4 billion KRW, a 24.7% increase compared to the previous year.

Sales increased by 23.7% year-on-year to 7.8128 trillion KRW. Net profit rose by 29.9% to 505 billion KRW.

Operating profit for the fourth quarter was 141.3 billion KRW, down 27.6% compared to the same period last year. Sales and net profit were 2.214 trillion KRW and 177.2 billion KRW, respectively.