Lotte Shopping Q1 results
News
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May 2022
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Korean JoongAng Daily
What: Lotte Shopping reported a net profit of 69.1 billion won ($54.2 million) in the first quarter, beating market expectations of 37.9 billion won,
Why it is important: Profit rose as footfalls increased at Lotte Department Store branches with the easing of restriction rules. Department stores sales in Korea rose 9.8% on year to 726 billion won.
