Seoul: Emart Inc. on Tuesday reported its 2024 net loss of 573.4 billion won (US$394.3 million), remaining in the red compared with the previous year. Operating profit for the year was 47.1 billion won, compared with a loss of 46.9 billion won from the previous year, the company said in a regulatory filing. Annual revenue fell 1.5 percent to 29.02 trillion won.

According to Yonhap News Agency, the financial results highlight ongoing challenges for Emart Inc. as it continues to navigate a difficult retail environment. Despite achieving an operating profit, the company remains affected by declining revenues, which have impacted its overall financial performance. Emart's efforts to cut losses and improve profitability have yet to reverse its negative net income.