GS Retail 2022 net profit down 93.7 pct to 50.4 bln won

SEOUL– GS Retail Co. on Tuesday reported its 2022 net profit of 50.4 billion won (US$40.1 million), down 93.7 percent from a year earlier.

The company said in a regulatory filing that operating income for the year rose 11.7 percent on-year to 245.1 billion won. Annual sales increased 15.8 percent to 11.22 trillion won.

Source: Yonhap News Agency

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