Shinsegae 2023 net income down 44.8% to $227.7 mil.
Entrance to Shinsegae Gangnam branch is seen in this photo, Gangnam district, Seoul, Dec. 21, 2023. Yonhap
Shinsegae on Wednesday reported its 2023 net income of 302.5 billion won ($227.7 million), down 44.8 percent from a year earlier.
The company said in a regulatory filing that it posted 639.8 billion won in operating profit for the year, compared with 645.4 billion from the previous year. Annual revenue fell 18.6 percent to 6.35 trillion won. (Yonhap)