Economy / Business
Add as a preferred source on GoogleHotel Shilla Co. reported a second-quarter net profit of 12 billion won, swinging last year's loss of 67.7 billion. The company's second-quarter operating income of 46.4 billion was a turnaround from a loss of 63.4 billi…
Hotel Shilla Co. reported a second-quarter net profit of 12 billion won, swinging last year's loss of 67.7 billion.
The company's second-quarter operating income of 46.4 billion was a turnaround from a loss of 63.4 billion won a year ago.
Its revenue jumped 82.3 percent to 953.4 billion won.
The hotel's group's operating profit surpassed estimates by 12.2 percent.
Four releases due from Oct. 20-23 will cover unemployment, consumer prices, government borrowing and retail sales.
Annual growth eased from 7.6% in August, while yen-based import prices rose 24.5% from a year earlier.
The poll also found that 54.4% said their household circumstances had worsened, while 88.6% expected prices to rise over the next year.
