Hotel Shilla turns to loss in 2022

Hotel Shilla-2022 earnings

Hotel Shilla turns to loss in 2022

SEOUL, Jan. 27 (Yonhap) -- Hotel Shilla Co. on Friday reported its 2022 net loss of 50.2 billion won (US$40.7 million), swinging from a profit of 27.1 billion won a year earlier.

The company said in a regulatory filing that operating profit for the year fell 34.1 percent on-year to 78.3 billion won. Annual sales increased 30.2 percent to 4.92 trillion won.

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