According to reports by Herald POP, YGE gained a total of 9.4 billion KRW (~8.2 million USD) in operating profit for the 1st quarter of 2016. This is a 32.6% increase since last year, and the highest profit earned since the label's establishment in 1996.
SM Entertainment's operation profit for the 1st quarter came out at 9 billion KRW (~7.7 million USD), a 139.8% increase since last year.
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In addition, SM Entertainment also marked its highest sales profit this 1st quarter of 2016 by earning a total of 90.5 billion KRW (~77 million USD). YG Entertainment's total sales profit reached 72.9 billion KRW (~61.6 million USD), an incredible 64.3% increase since the prior year. While SM Entertainment's sales profits were divided between overseas market sales and SM C&C's drama production market sales, while YG Entertainment's focused on domestic and overseas market sales.
Maybe the most surprising thing is, both labels can still go up from here! Congratulations, Lee Soo Man and Yang Hyun Suk!
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