Lotte Shopping Second Quarter 2024 Earnings: ₩3,296 loss per share (vs ₩3,798 profit in 2Q 2023)

Lotte Shopping (KRX:023530) Second Quarter 2024 Results

Key Financial Results

• Revenue: ₩3.43t (down 5.4% from 2Q 2023).
• Net loss: ₩90.8b (down by 183% from ₩109.5b profit in 2Q 2023).
• ₩3,296 loss per share (down from ₩3,798 profit in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Lotte Shopping Earnings Insights

Looking ahead, revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Multiline Retail industry in South Korea.

Performance of the South Korean Multiline Retail industry.

The company’s shares are up 1.7% from a week ago.

Risk Analysis

Before we wrap up, we’ve discovered 1 warning sign for Lotte Shopping that you should be aware of.

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