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Shinsegae 4Q18 Financial Overview by PE is a document available to read on EtoBox.

What is Shinsegae 4Q18 Financial Overview about?

Shinsegae reported consolidated revenue of W1.54 trillion for 4Q18, up 40.7% YoY but operating profit was down 12.2% YoY at W133.8 billion due to continued losses at Shinsegae DF and weaker performances of subsidiaries. While the department store business saw a 2.5% YoY increase in operating profit, duty-free business continued to report losses affected by rental payments for a new airport location and stiffer competition. The analyst maintains a Buy rating expecting Shinsegae DF to generate an operating pr

Author

PE

Language

EN