SM Entertainment posts record high earnings in 2015's third quarter

The label's accumulated sales for 2015's Q3 were announced to be a whopping 236 billion KRW (~$203 million USD), the highest sales figure achieved in the history of SM's existence. As compared to 2014's third quarter, sales rose 13.6%, and the operating profits were 34.3 billion KRW (~$29.5 million USD), a 41.2% increase from the same period last year.�

SM's new subsidiary,�SM Culture & Contents, has also recorded an 18.2 billion KRW (~$15.7 million USD) increase in sales for the quarter, a 52% growth from the same period in 2014.�

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SM's position as a K-Pop powerhouse is of course attributed to the unprecedented global popularity and success of its artists such as TVXQ, Super Junior, Girls' Generation, SHINee, f(x), EXO, Red Velvet,�and more. Thanks to the diverse global activities of its artists, SM's international revenues also recorded an explosive increase of 42.4%.�

SM Entertainment's stock price closed at 46,700 KRW ($40.23) per share on Monday after the regulatory filing was made public.