Lotte Shopping Co., Ltd. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 08, 2024
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Lotte Shopping Co., Ltd. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was KRW 3,633,000 million compared to KRW 3,790,000 million a year ago. Net loss was KRW 56,000 million compared to KRW 338,000 million a year ago.
For the full year, sales was KRW 14,556,000 million compared to KRW 15,476,000 million a year ago. Net income was KRW 180,000 million compared to net loss of KRW 319,000 million a year ago.
Lotte Shopping Co Ltd is a Korea-based company mainly engaged in the operation of department stores. The Company operates its business through six segments. The Department Store segment is involved of the installation and operation of department stores such as Lotte Depart Store. The Company operates its department stores within the domestic market and to overseas markets, including Vietnam, Russia, Indonesia and China. The Discount Store segment is involved of the installation and operation of discount stores. The Electronics Store segment is engaged in the sale of home appliances and computers and communication devices. The Super segment is engaged in the operation of supermarkets and the rental of real estate. The Home Shopping segment mainly engages in home shopping and e-commerce business through Internet shopping mall and mobile. The Other segment engages in the businesses including the sale of cosmetics, food and other consumer goods, the operation of movie theaters and others.
LOTTE SHOPPING CO., LTD. 
