[DISCLOSURE] Hotel Shilla (008770) reported on April 28 that its operating profit in the first quarter fell 48.2 percent to 9.99 billion won (US$8.79 million) from the same period last year. 

Its revenue rose 14.9 percent to 1.02 trillion won while net profit plunged 78.6 percent to 2.7 billion won on-year. 

By Hwang You-mee (theinvestor@heraldcorp.com)