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Shinsegae shifts to loss in Q2

All News 14:27 August 12, 2020

SEOUL, Aug. 12 (Yonhap) -- Shinsegae Inc. on Wednesday reported its second-quarter net loss of 106.3 billion won (US$ 89.6 million), turning from a profit of 24.3 billion won a year earlier.

The company said in a regulatory filing that it posted an operating loss of 43.1 billion won for the April-June period, compared with a profit of 68.1 billion won a year ago. Sales fell 32.6 percent to 1.01 trillion won.

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