GS Retail Swings to Loss in Q3 Despite Sales Growth; Shares Decline 5%

MT Newswires Live

2024/11/08

GS Retail (KRX:007070) swung to a third-quarter net loss of 60.9 billion won from a net income of 68.3 billion won a year earlier, according to a Thursday filing with the Korea exchange.

Sales for the quarter ended September were 3.054 trillion won, up 3.7% from 2.946 trillion won in the year-ago period.

Shares of GS Retail fell over 5% in recent trade.

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