Hotel Shilla said on the 3rd that it posted an operating loss of 4.1 billion won on a consolidation basis in the fourth quarter of last year. Revenue was 1.0454 trillion won. The fourth-quarter operating loss narrowed from the same period a year earlier (-37.9 billion won). Revenue rose 10.3% from a year earlier.
On an annual basis, Hotel Shilla's operating profit last year was 13.5 billion won. It returned to the black. This was because the hotel business performed well as foreign tourists came in. Efforts to streamline duty-free business expense also had an effect. Last year's revenue was 4.0683 trillion won, up 3.1% from a year earlier.
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