YG PLUS Reports Operating Profit of 6.1 Billion KRW Last Year, Up 35.6% YoY
[Asia Economy Reporter Seongpil Jo] YG PLUS, a subsidiary of YG Entertainment, announced on the 24th that its operating profit on a consolidated basis last year was 6.1 billion KRW, an increase of 35.6% compared to the previous year.
Sales revenue was 107.1 billion KRW, a decrease of 5.7%. The net loss for the period widened to 7.46 million KRW.
Hot Picks Today
"Most Americans Didn't Want This"... Americans Lose 60 Trillion Won to Soaring Fuel Costs
- As Samsung Falters, Chinese DRAM Surges: CXMT Returns to Profit in Just One Year
- Trump Puts Iran Strike on Hold One Day Before Attack... "Full-Scale Offensive If Talks Fail"
- Samsung Union Member Sparks Controversy With Telegram Post: "Let's Push KOSPI Down to 5,000"
- "Why Make Things Like This?" Foreign Media Highlights Bizarre Phenomenon Spreading in Korea
The company stated, "Operating profit increased due to growth in core businesses such as the music business and increased investment gains," and added, "Net loss for the period increased due to the reflection of discontinued operations losses (cosmetics), among other factors."
This content was produced with the assistance of AI translation services.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
