Lotte E&C Q1 Operating Profit Hits 50.4 Billion Won, Up 13-Fold Year on Year

Lotte Engineering & Construction recorded consolidated operating profit of 50.4 billion won in the first quarter of this year, marking a turnaround in earnings. According to the Financial Supervisory Service’s electronic disclosure system on the 17th, the company’s first-quarter operating profit increased 13-fold from the same period a year earlier. The result reflects improvements in its financial structure and profitability this year. At a time when profitability management is important in the construction sector, Lotte E&C confirmed an improving trend through its first-quarter figures. The key question ahead is whether this improvement can continue. Source: mk.co.kr