Shinsegae Q1 Operating Profit Reaches 197.8 Billion Won, Up 49% YoY

Shinsegae reported operating profit of 197.8 billion won for the first quarter of this year. The figure represents a 49% increase from the same period a year earlier. The result shows that the company’s profitability improved in the first quarter compared with last year. The original report did not provide additional figures such as sales, net profit, or performance by business division. Market attention may focus on the scale of Shinsegae’s first-quarter operating profit growth and its future earnings trend. Source: hankyung.com