South Korean retailer Lotte Shopping has booked an increase in full-year profits, driven by “strong” earnings from its department stores and hypermarkets.

Profits for the 2010 fiscal year climbed 41.1% to KRW1.01bn (US$905m), while operating profit increased 30.8% to KRW1.15bn.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Gross sales amounted to KRW14.1tr, a 17.3% increase on 2009.

In the fourth quarter, profits rose 110.5% to KRW376m, while operating profits increased 22% to KRW315m. Sales climbed 18.1% to KRW4tr.

Click here to view the full earnings release.

See Also:

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.