Most Popular
-
1
Actor Jung Woo-sung admits to being father of model Moon Ga-bi’s child
-
2
Wealthy parents ditch Korean passports to get kids into international school
-
3
Trump picks ex-N. Korea policy official as his principal deputy national security adviser
-
4
First snow to fall in Seoul on Wednesday
-
5
Man convicted after binge eating to avoid military service
-
6
S. Korea not to attend Sado mine memorial: foreign ministry
-
7
Final push to forge UN treaty on plastic pollution set to begin in Busan
-
8
Toxins at 622 times legal limit found in kids' clothes from Chinese platforms
-
9
Korea to hold own memorial for forced labor victims, boycotting Japan’s
-
10
Nvidia CEO signals Samsung’s imminent shipment of AI chips
[EQUITIES] Kiwoom Securities forecasts 9% operating profit decline for Lotte Shopping in Q2
By Korea HeraldPublished : July 22, 2016 - 12:50
[THE INVESTOR] Kiwoom Securities forecast Lotte Shopping will post underperforming second-quarter operating profit due to sluggish retail sector performance.
Operating profit was expected to fall 9.1 percent to 184.8 billion won (US$161.68 million), while sales will rise 3.3 percent to 7.64 trillion won.
The latest investigations into Lotte Homeshopping and closing of the duty-free shop in Lotte World Tower were cited as some of the factors weighing on the firm, in addition to the scandal over toxic humidifier disinfectants sold at local retailers including Lotte.
By Kim Ji-hyun (jemmie@heraldcorp.com)
Operating profit was expected to fall 9.1 percent to 184.8 billion won (US$161.68 million), while sales will rise 3.3 percent to 7.64 trillion won.
The latest investigations into Lotte Homeshopping and closing of the duty-free shop in Lotte World Tower were cited as some of the factors weighing on the firm, in addition to the scandal over toxic humidifier disinfectants sold at local retailers including Lotte.
By Kim Ji-hyun (jemmie@heraldcorp.com)
-
Articles by Korea Herald
![[More than APT] Residents, architects together design homes](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2024/11/24/20241124050036_0.jpg&u=)
