Lotte Shopping turns to black in 2023

Lotte Shopping Co. on Thursday reported its 2023 net income of 179.7 billion won (US$135.3 million), turning from a loss of 318.7 billion won a year earlier. Operating income for the year was 508.4 billion won, up 31.6 percent from the previous year, the company said in a regulatory filing. Annual sales fell 5.9 percent to 14.55 trillion won. (END) Source: Yonhap News Agency