Seoul: Lotte Shopping Co. on Friday reported its second-quarter net loss of 10.3 billion won (US$7.4 million), remaining in the red compared with a year ago. Operating profit for the April-June period was 40.6 billion won, down 27.5 percent from a year ago, the company said in a regulatory filing. Sales fell 2.3 percent to 3.34 trillion won.
According to Yonhap News Agency, Lotte Shopping Co. continues to face financial challenges, as evidenced by its latest quarterly results. The company's operating profit saw a significant decline, and overall sales experienced a slight decrease, indicating ongoing difficulties in maintaining profitability within the current market conditions.