Lotte Wellfood-Q1 earnings

Lotte Wellfood turns to profits in Q1

SEOUL, May 3 (Yonhap) -- Lotte Wellfood Co. on Wednesday reported its first-quarter net income of 33 million won (US$24,600), shifting from a loss of 4 billion won a year earlier.

The company said in a regulatory filing that it posted 18.6 billion won in operating profit for the quarter, compared with 10.8 billion won a year ago. Sales rose 89.7 percent to 959.6 billion won.

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