GS Retail remains in red in Q4

GS Retail-Q4 earnings

GS Retail remains in red in Q4

SEOUL, Feb. 7 (Yonhap) -- GS Retail Co. on Tuesday reported its fourth-quarter net loss of 40.1 billion won (US$31.9 million), remaining in the red compared with a year ago.

Operating income for the October-December period was 85.3 billion won, up 180.9 percent from a year ago, the company said in a regulatory filing. Sales rose 9.9 percent to 2.88 trillion won.

The operating profit was 52.0 percent higher than the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. The estimate of net profit was not available.

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