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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.