Hanwha Galleria's third quarter operating profit increased by 65.4% to KRW 6 billion.
Quick Look
- Hanwha Galleria announced on the 12th that it recorded sales of 122.9 billion won and operating profit of 6 billion won on a consolidated basis in the third quarter of this year.
- Sales decreased by 2.1%, but operating profit increased by 65.4% due to continued demand for luxury goods and improved profitability in the department store division.
AI-generated summary
Why It Matters
Hanwha Galleria operates a department store and food and beverage business.
Sales decreased by 2% to KRW 122.9 billion.
(Seoul = Yonhap News) Reporter Jeong Soo-yeon = Hanwha Galleria announced on the 12th that its consolidated sales and operating profit for the third quarter of this year were KRW 122.9 billion and KRW 6 billion, respectively.
Sales decreased by 2.1% compared to the same period last year, but operating profit increased by 65.4%.
Hanwha Galleria operates department stores such as Galleria Luxury Hall, as well as food and beverage businesses such as Five Guys, beverages, and ice cream.
An official from Hanwha Galleria said, "As the demand for luxury goods continues, the profitability of the department store division has improved, leading to an increase in overall operating profit. We will lay the foundation for mid- to long-term growth by strengthening the competitiveness of department stores and diversifying our business portfolio."
Open Questions
- What are your specific plans for diversifying your new business portfolio in the future?
