Hanwha Galleria said on the 14th that its preliminary first-quarter results came to 126.1 billion won in revenue and 12.3 billion won in operating profit.
Revenue fell 2.4% from a year earlier, but operating profit jumped 550.8%.
Net loss was 800 million won, narrowing from 4.4 billion won a year earlier.
A Hanwha Galleria official said, "Operating profit rose sharply as the department store institutional sector delivered strong results, centered on the Seoul luxury hall," but added, "consolidation revenue edged down from a year earlier due to the liquidation of the social corporations Hanwha B&B and decreased sales at some food-and-beverage subsidiaries."
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