CJ E&M operating profit increases over 300% in the 3rd quarter due to the 'Wanna One Effect'

On November 8, CJ E&M announced they've recorded�440,100,000,000 KRW (395 million USD) in total sales and�12,700,000,000 KRW (11 million USD) in operating profit for the 3rd quarter of 2017. In comparison to the same period last year, the total sales have increased 16.2% (YoY) while operating profit has drastically increased by 316.3% (YoY).

SEE ALSO: Shin Min Ah ♥ Kim Woo Bin tie the knot, with venerable Pomnyun Sunim officiating and Car, the Garden performing

Out of the four departments in CJ E&M (broadcast, film, music, performance), the music department had the greatest increase in sales. 'Produce 101' season 2 boy group Wanna One and 'Show Me The Money 6' are the factors that played major roles in the increase.

In comparison to Q3 of 2016, the music department saw a 40% (YoY) increase in sales and 179.6% increase (YoY) in operating profit.

A strong 'Wanna One Effect' is once again expected in the 4th quarter of 2017 for CJ E&M with the boy group's impending comeback with '1-1=0 Nothing Without You'.�