LOTTE Corporation

A004990

KR7004990008

Department Stores

End-of-day quote Korea S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
27,150 ^KRW	+0.37%		+7.74%	+0.37%

Apr. 26	Lotte Group Agrees to Divest Theme Park Project in China for KRW450 Billion	MT
Apr. 25	South Korea's Lotte sells China theme park project for $326 mln, reports MoneyToday	RE

LOTTE Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023

November 14, 2023 at 03:31 am EST

LOTTE Corporation reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was KRW 393,781.35 million compared to KRW 360,159.93 million a year ago. Net income was KRW 61,291.29 million compared to KRW 112,352.41 million a year ago. Basic earnings per share from continuing operations was KRW 856 compared to KRW 1,571 a year ago. Basic earnings per share was KRW 856 compared to KRW 1,571 a year ago.
For the nine months, sales was KRW 1,157,594.09 million compared to KRW 1,040,926.46 million a year ago. Net income was KRW 109,960.29 million compared to KRW 305,291.7 million a year ago. Basic earnings per share from continuing operations was KRW 1,537 compared to KRW 4,268 a year ago. Basic earnings per share was KRW 1,537 compared to KRW 4,268 a year ago.

Latest news about LOTTE Corporation

Lotte Group Agrees to Divest Theme Park Project in China for KRW450 Billion	Apr. 26	MT
South Korea's Lotte sells China theme park project for $326 mln, reports MoneyToday	Apr. 24	RE
An undisclosed buyer agreed to acquire Lotte Glory Properties(Shenyang) Ltd. from LOTTE Corporation	Apr. 24	CI
Lotte Aluminium to Split Battery Materials, Packaging Businesses	Apr. 05	MT
LOTTE Corporation Reports Earnings Results for the Full Year Ended December 31, 2023	Mar. 20	CI
Lotte Group Ventures into Healthcare Sector with Japan Launch; Shares Down 6%	Feb. 26	MT
South Korean Shares Close Lower Over Recession Fears in the US	Dec. 07	MT
Lotte Begins Construction of AI-Powered Customer Fulfillment Center in Busan	Dec. 07	MT
Lotte Biologics Co., Ltd announced that it has received KRW 169.988 billion in funding from LOTTE Corporation	Dec. 06	CI
LOTTE Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 14	CI
South Korea ramps up pest control after reports of bedbugs	Nov. 08	RE
LOTTE HEALTHCARE Co., Ltd announced that it expects to receive KRW 50 billion in funding from LOTTE Corporation	23-10-10	CI
South Korean Shares Fall as US Fed Signals Further Rate Hikes	23-09-21	MT
Lotte's Retail Unit Targets Operating Profit of 1 Trillion Won by 2026	23-09-20	MT
Lotte Hotel Names New CEO	23-07-24	MT
LOTTE Corporation Reports Earnings Results for the First Quarter Ended March 31, 2023	23-05-15	CI
South Korea's Retail Turnover Rises at Softer Pace in March as Sales of ‘Super Supermarket’ Operators Slide	23-05-01	MT
Lotte Biologics Co., Ltd announced that it expects to receive KRW 169.988 billion in funding from LOTTE Corporation	23-03-23	CI
Tranche Update on LOTTE Corporation's Equity Buyback Plan announced on July 27, 2022.	23-02-08	CI
LOTTE Corporation's Equity Buyback announced on July 27, 2022, has expired with 284,972 shares, representing 0.4% for KRW 10,085.29 million.	23-02-07	CI
Lotte Biologics to Invest $3 Billion on Bio-Industrial Complex in South Korea in 2030	23-01-12	MT
Lotte to Boost Logistics Infrastructure with AI, Big Data	22-12-29	MT
South Korean Stocks Hit Fresh Two-Month Low; Samsung Shares Fall 2%	22-12-29	MT
Lotte Mart Opens 50th Store in Indonesia	22-12-26	MT
LOTTE Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022	22-11-14	CI

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Company Profile

Lotte Corp is a Korea-based holding company principally engaged in the operation of department stores. The Company operates its businesses through subsidiaries including Lotte Shopping Co Ltd, Lotte Chemical Co Ltd, and Lotte Confectionery Co Ltd. The Company is mainly engaged in department store business, petrochemical basic chemical manufacturing, glaciers, baking products and health functional food manufacturing. Lotte Shopping Co Ltd mainly operates the businesses related to the installation and operation of large discount stores and department stores. It also operates the wholesale and retail of home appliances such as refrigerators, washing machines, and air conditioners through electronics stores. Lotte Chemical Co Ltd mainly manufactures and sells polymer products such as high density polyethylene, polypropylene, and low density polyethylene. Lotte Confectionery Co Ltd mainly manufactures and sells products such as biscuits, chocolates, and ice creams.

Sector

Department Stores

Calendar

2024-05-12 - Q1 2024 Earnings Release (Projected)

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Ratings for LOTTE Corporation

Trading Rating

Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

27,150 KRW

Average target price

39,667 KRW

Spread / Average Target

+46.10%

Consensus

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Quarterly revenue - Rate of surprise

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