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