Lotte Shopping Co., Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 14, 2022 at 03:08 am EST
Share
Lotte Shopping Co., Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was KRW 706,106.28 million compared to KRW 657,982.58 million a year ago. Net loss was KRW 113,325.66 million compared to net income of KRW 290,830.59 million a year ago. Basic loss per share from continuing operations was KRW 4,085 compared to basic earnings per share from continuing operations of KRW 10,277 a year ago. Diluted loss per share from continuing operations was KRW 4,085 compared to diluted earnings per share from continuing operations of KRW 10,267 a year ago. Basic loss per share was KRW 4,085 compared to basic earnings per share of KRW 10,277 a year ago.
For the nine months, sales was KRW 1,963,182.21 million compared to KRW 1,948,186.48 million a year ago. Net loss was KRW 39,466.8 million compared to net income of KRW 187,328.62 million a year ago. Basic loss per share from continuing operations was KRW 1,611 compared to basic earnings per share from continuing operations of KRW 6,616 a year ago. Diluted loss per share from continuing operations was KRW 1,611 compared to diluted earnings per share from continuing operations of KRW 6,574 a year ago. Basic loss per share was KRW 1,611 compared to basic earnings per share of KRW 6,616 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. 
