South Korean retailer Lotte Shopping has reported a 15.3% gain in first-half net income on higher profits from its discount stores.

For the six months to the end of June, net income amounted to KRW452bn (US$381m) compared to KRW392bn in the prior year period.

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Operating income climbed to KRW590bn from KRW452m a year ago, while sales rose 14% to reach KRW5.8trn.

In the second quarter, net income increased 1.3% to KRW202bn; operating income climbed to KRW297bn, a 32.9% increase on the prior year.

Revenue grew 15% to KRW3.32trn.

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