Lotte Tour Development reports nearly $105m in Q1 operating profit
Lotte Tour Development reported almost US$105m in operating profit for the first quarter, according to the report, which said the figure was 2.5 times higher year on year. Casino revenue and visitor numbers each rose by about 40% from the prior-year quarter. The company said concerns about global conflicts and the off-season had not reduced its income.
Higher casino revenue and visitor numbers accompanied Lotte Tour Development’s stronger first-quarter operating profit, informing investor assessment of performance.