Homeplus Projects No Profit Until 2029 Under Revised Plan

Homeplus sees no profit until 2029 under revised plan

Profitability at Homeplus remains out of reach until 2029, its revised rehabilitation plan showed Thursday, a reversal from the quick return to the black it had promised in earlier planning. Homeplus now projects an operating loss of 10.3 billion won ($7.4 million) for the year ending February 2028, on sales of 3.38 trillion won. It expects a sharp reversal the following year, with sales jumping 22 percent to 4.12 trillion won and operating profit turning to 124.2 billion won. As recently as Jun

By The Korea Herald