Lotte Shopping Turns to Red in 2024

Seoul: Lotte Shopping Co. on Thursday reported its 2024 net loss of 984.3 billion won (US$680 million), swinging from a profit of 169.2 billion won a year earlier.

According to Yonhap News Agency, the company said in a regulatory filing that operating profit for the year fell 6.9 percent on-year to 473.1 billion won. Annual sales decreased 3.9 percent to 13.98 trillion won.