GS Retail remains in red in Q4

SEOUL, GS Retail Co. on Tuesday reported its fourth-quarter net loss of 118.6 billion won (US$89.1 million), remaining in the red compared with a year ago. The company said in a regulatory filing that operating income for the October-December period fell 13.7 percent on-year to 91.4 billion won. Revenue increased 2.9 percent to 2.93 trillion won. Source: Yonhap News Agency

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