CJ ENM Reports Operating Profit of 296.9 Billion KRW Last Year, Up 9.1% YoY

[Asia Economy Reporter Jeon Jinyoung] CJ ENM announced on the 10th that its consolidated operating profit for last year was tentatively estimated at 296.9 billion KRW, a 9.1% increase compared to the previous year.

Sales increased by 4.8% year-on-year to 3.5524 trillion KRW. Net profit rose by 246.7% to 227.6 billion KRW.

Operating profit for the fourth quarter was 29.6 billion KRW, down 66.3% compared to the same period last year. Sales and net profit for the same quarter were 995 billion KRW and 18.9 billion KRW, respectively.

CJ ENM stated, "Operating profit grew due to increased media advertising and content sales, as well as growth in overseas music sales, and net profit increased due to improvements in non-operating income and expenses."

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