Asia
Hotel Shilla Turns to Profit in Q1
Hotel Shilla (KRX:008770) posted first-quarter net income attributable to shareholders of 6 billion won, reversing the attributable net loss of 6.18 billion won a year earlier, according to a Friday filing with the Korea Exchange.Sales of the South Korean operator of luxury hotels and duty-free shops were up 8.4% year over year to 1.053 trillion won from 971.8 billion won.Shares of Hotel Shilla jumped nearly 10% at market close.
KRX:008770
