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.
SEE ALSO: Lee Sun Bin opens up about 8-year relationship “Lee Kwang Soo made the first moveâ€
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.
SHARE
Log in to comment