Lotte Shopping Q1 net income down 16.4 pct to 57.8 bln won

Lotte Shopping-Q1 earnings

Lotte Shopping Q1 net income down 16.4 pct to 57.8 bln won

SEOUL, May 11 (Yonhap) -- Lotte Shopping Co. on Thursday reported its first-quarter net profit of 57.8 billion won (US$43.6 million), down 16.4 percent from a year earlier.

The company said in a regulatory filing that operating income for the January-March period rose 63.7 percent on-year to 112.5 billion won. Sales decreased 5.5 percent to 3.56 trillion won.

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