E-Mart swings to loss in Q4

SEOUL, E-Mart Inc. on Wednesday reported its fourth-quarter net loss of 107.1 billion won (US$80.1 million), swinging from a profit of 140.7 billion won a year earlier. The company said in a regulatory filing that it posted an operating loss of 85.5 billion won for the October-December period, compared with a profit of 12.8 billion won a year ago. Revenue fell 1.6 percent to 7.35 trillion won. Source: Yonhap News Agency