Seoul: Shinsegae Inc., the operator of South Korea's second-largest department store chain, on Monday reported its fourth-quarter net loss of 70.2 billion won (US$47.9 million), remaining in the red compared with a year ago.
According to Yonhap News Agency, the company said in a regulatory filing that operating profit for the October-December period rose 66.5 percent on-year to 172.5 billion won. Revenue increased 6.2 percent to 1.93 trillion won.