YG Entertainment records drastic increase in operating profit in Q1 compared to the 이전 년 

YG Entertainment records drastic increase in operating profit in Q1 compared to the previous year

YG Entertainment saw a drastic jump in operating profit in the first quarter of 2017. 

On May 11, the income statement revealed that YG Entertainment earned 14,825,000,000 KRW (~ $13,182,538) in operating income for the first quarter. This is a 56.6% increase year over year compared to the same period in 2016 when YG posted an operating income of 9.4 Billion KRW (~ $8.3 million). 

SEE ALSO: MAMAMOO\'s sister group POP say they\'re coming soon in debut teaser photos

As for the revenue, YG Entertainment recorded 106.88 Billion KRW (~ $95 million), which is a 46.5% YoY increase. During the same period in 2016, YG posted a revenue of 72.95 Billion KRW (~ $65 million). However, as operating expenses increased, the net income saw a decrease of 6.8% YoY to 5,992,000,000 KRW (~ $5,325,629). The net income in Q1 of 2016 was 7,096,000,000 KRW (~ $6,309,834).

The agency is expected to continue its success in the second quarter with solo promotions of

Big Bang members, iKON\'s comeback, WINNER\'s Japan tour, and more. 

Shares of YG closed at 34,000 KRW (~ $30.23) on May 11, an increase of 4.13% for the day.

YG\'S doing really well thanks to Winner , Psy and BB i expect it will get higher once bp and ikon AKMU and lee hi make their comeback. There\'s still SM and JYP to consider though sm (exo ,gg.suju comeback) and JYP\'s got TWICE and GOT7 which means there\'s STRONG competion. But this is still probably YG\'S year since there doing the best this quarter.

great, business insider info that have barely any use to this website\'s target demography

See YG? Thats what happens when you let your artist out of the dungeon

DJ Bonics leaves a message for Taeyeon fans who targeted him with malicious comments

Choiza suggests that Sulli was cheating on him?

Sulli accused of trespassing on historical site in Cuba

Here is how netizens are reacting to Sulli\'s latest dating news with Kim Min Jun

TWICE becomes the K-pop girl group with the most-watched MV on YouTube

TWICE\'s new concept for \'Signal\' criticized for being too similar to EXO\'s concept

Rapper KittiB plans legal action against Black Nut\'s for inappropriate lyrics

KARD\'s tour manager clarifies that J.seph and Jiwoo did not say the N word

All American K-Pop group EXP EDITION are filled with excitement in \'Feel Like This\' MV teaser

African American K-Pop duo CoCo Avenue release a sexy MV for new single \'Eottae\'

YG Entertainment says Park Bom is not part of The Black Label

THEYRE COMING BACK! ITS TIME TO STAN PEOPLE!

ASTRO reveal the release schedule for their 4th mini album

Gaon Chart releases chart rankings for April 30 - May 6

Tablo to be a Sechskies member for a day on \'Show! Music Core\'

LOOΠΔ teases their next member lady in red

\'SM Station\' releases \'Around\' MV teaser with NCT\'s Taeyong x Hitchhiker

VIXX unveil the official video teaser for \'Eden\'

Seventeen drops Mingyu\'s trailer for project chapter 1 \'Alone\'

TWICE continue to excite fans with a spoiler for \'Signal\'

© 2007 - 2017 6Theory Media, LLC. allkpop® is a registered trademark of 6Theory Media, LLC.