General

YG's stock price went down even after the debut of Black Pink?

By jubilantj   Thursday, August 11, 2016   154,681   20,039   309
Big-Bang,ikon,black-pink

10

0

SHARES
  1. Google+

Despite the debut of Black Pink, its first new girl group in over seven years, YG's stock price has suffered a decline. 


Though the label's sales and operating income saw a rise compared to the previous year (YoY), the drastic decline in net profits is speculated to be the reason for the deflated stock price. 


YG's total revenues was a whopping 77.22 billion KRW (~$70.3 million USD) in the recently closed second quarter, a 70.7% rise from last year, and its total operating income was recorded to be 6.8 billion KRW (~$6.2 million USD), a 33.1% rise from the prior year. These distended numbers are mostly attributed to the promotions and activities of Big Bang and iKON, both of whom raked in millions for the company with tours, fan meets, and concerts. 


Unfortunately, YG's net profits and stock price tell an entirely different tale. Compared to last year, the label's profits dropped 43%, recording a net of 6.6 billion KRW (~$6 million USD) for the second quarter (Q2). 


SEE ALSO: Big Bang appear on CNN's 'Talk Asia'


This drop in profits inevitably had a negative impact on YG's stock price, which closed at 34,100 KRW (~$31 USD) per share on August 11, after depreciating 3.67%. One year ago on August 11, 2015, YG's stock price closed at 57,225 KRW (~$52 USD) per share. Besides the financial results, THAAD may be having a negative impact for investors as well.


It's hard to say just yet if Black Pink had any direct impact on YG's stock price as the girls recently debuted. We'll simply have to wait until the end of the fiscal year and for more promotions from YG's hyped-up new girl group. 

YOU MAY LIKE

GET AKP IN YOUR INBOX!

Tags:

  1. Big Bang
  2. iKON
  3. Black Pink
  4. yg


potatonumber1 Saturday, August 13, 2016

ofc it will, this time last year Mino was taking the world by storm, and now we have shit

 0
 0Reply Report Share

federick Friday, August 12, 2016

so?

 0
 0Reply Report Share

JENNIEkIM Friday, August 12, 2016

it hasn't been a week yet. you gotta chill- i mean what are you trying to do?

 0
 0Reply Report Share
Load More Comments

CONNECT WITH ALLKPOP

  1. Follow us on Instagram
  2. Subscribe on Youtube
  3. Follow us on Google+

BRAND PARTNERS

bap
bap
$45
hul
hul
$18
seoul
seoul
$18
kawaii
kawaii
$18

MORE STORIES