[Market Focus] Lotte Tour Development Surges on Record-High Q1 Revenue, Hits New High

Lotte Tour Development showed strong performance in the first quarter of this year, setting a new 52-week intraday high.

As of 9:12 a.m. on May 15, Lotte Tour Development was trading at 10,940 won on the Korea Exchange, up 190 won (1.77%) from the previous day. During the session, the price rose to 11,180 won, marking a new 52-week high.

The strong first-quarter results are believed to have contributed to the rise in the stock price.

The previous day, Lotte Tour Development announced that its consolidated operating profit for the first quarter was 13.025 billion won, a 48.2% increase compared to the same period last year. Revenue rose by 14.8% to 121.948 billion won, setting a record for the highest first-quarter revenue in the company's history.

Lim Sujin, a researcher at Daishin Securities, analyzed, "Despite the seasonal off-peak period, the first-quarter results stood out for their casino-driven growth. Both the drop amount (the amount casino visitors exchanged for chips) and the number of visitors reached all-time highs. As of April, the upward trend in performance continues, so growth for two consecutive quarters is also expected." She added, "This year marks the beginning of full-scale external growth and leverage effects, which are strengthening the company's mid- to long-term investment appeal."