SEOUL, Aug. 5 (Yonhap) -- Lotte Shopping Co. on Friday reported its second-quarter net profit of 45.5 billion won (US$35 million), swinging from a loss of 34.5 billion won a year earlier.
The company said in a regulatory filing that it posted 74.4 billion won in operating profit for the quarter, compared with 7.6 billion won a year ago. Revenue fell 0 percent to 3.9 trillion won.
The earnings beat market expectations. The average estimate of net profit by analysts stood at 7.4 billion won, according to the survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.
Samsung's Lee expected to solidify leadership, step up biz activities after receiving pardon
Traditional car shows struggle amid electrification
Tax cut drive feared to worsen fiscal health; focus on rich, biz circles draws criticism
S. Korean firms in delicate balancing act over U.S. economic framework
(News Focus) BOK expected to seek further rate hikes but place more weight on growth: experts