Hanwha Galleria recorded sales of 575.2 billion won and an operating profit of 9.4 billion won last year. These figures mark a 6.8% increase in sales and a remarkable 177.7% jump in operating profit compared to the previous year.
Key Financial Improvements
Net profit reached 3.3 billion won during the same period, achieving a turnaround from prior losses. The company highlighted strong performance across its segments.
Drivers of Growth
A company official stated, “Luxury goods demand surged in the second half, while increased foreign visitors boosted department store sales. Food and beverage operations also saw revenue growth.” The official added, “Operating profit improved further due to reduced sales, general, and administrative expenses, along with fair value adjustments on parking lot real estate.”
