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Shinsegae Duty Free Returns to Profit as Group Posts Record First-Half Earnings

Shinsegae logoShinsegae
Sig3.50Sen+5.60Env0.00Soc0.00Gov0.00

Shinsegae Duty Free turned profitable in Q2, with operating profit of KRW33.3bn after an operating loss a year earlier, even as duty-free sales fell 10.3% to KRW542.6bn. The group posted record Jan–Jun results, with operating profit up 75.7% to KRW365bn, helped by stronger department-store sales and luxury demand, while visitor arrivals from key markets rose sharply.

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