Hanwha Galleria Q2 Operating Profit 4 Billion KRW... Up 11.1% YoY

Operating Profit of 4 Billion KRW · Sales of 127.1 Billion KRW

Hanwha Galleria announced on the 11th that its operating profit for the second quarter increased by 11.1% year-on-year to 4 billion KRW. During the same period, sales decreased by 3.8% to 127.1 billion KRW.

Exterior view of Apgujeong Galleria Luxury Hall
[Photo by Hanwha Galleria]

A Hanwha Galleria representative stated, "The slowdown in consumption due to the economic downturn and the decrease in luxury sales caused by the increase in overseas travel affected sales. However, through cost reduction and efficiency improvements, operating profit achieved growth compared to the same period last year."