Asia
LOTTE REIT's H1 Net Income Jumps 21% on Asset Gains
LOTTE REIT (KRX:330590) posted a 21% year-over-year increase in net income for the six months ended June 30 to 23.8 billion won, according to a Korea bourse filing on Friday.The real estate investment trust logged a 15.8% growth in sales to 64.21 billion won. The improvement was driven by the full operational integration of the Lotte Hotel L7 Hongdae property alongside disposition gains realized from real estate assets in Guri-si.At the end of the first half, the REIT's total asset base expanded to 2.87 trillion won.
KRX:330590
