We wrote about the results of the Quarterly Reports that SM recently released here.
Now, there are some news articles. Here is a collection of articles published on the vast gap between the first quarter of last year and the first quarter of this year that SM suffered:
SM, First Quarter Operating Profits 2,400,000,000 KRW (approximately 2,400,000 USD)… Compared to Last Year, Down 76%
SM Entertainment made an official announcement on the 16th that the First Quarter’s operating profits is 2,400,000,0004 KRW (approximately 2,400,000 USD) decreased by 76% compared to the First Quarter of last year.
Sales were 19,300,000,000 KRW (approximately 19,300,000 USD) and so decreased by 14% compared to the same quarter of last year, and the net profits were 1,000,000,000 KRW (approximately 1,000,000 USD) and so decreased by 87%.
Entertainment Leading Stock SM, Falls by 10% in One Day
Effects of the Operating Profits of First Quarter being down by 76%
“Entertainment Leading Stock” SM Entertainment had a plunge due to the aftermaths of the first quarter’s poor results.
On the KOSDAQ market on the 17th, SM finished at 18,850 KRW (approx. 18.85 USD), 2,300 KRW less than prior day (10.87%). The volume of trading was over 3 times of the prior date at 1,420,000 shares, and the “sell” quantities were poured into the market. Upon the announcement of the quarterly results, it was revealed that they had hugely soured, the operating profits of the first quarter stopping at 2,400,000,0004 KRW (approximately 2,400,000 USD) which was a sudden decrease of 76% from last year and the sales being at 19,400,000,000 KRW (approximately 19,400,000 USD) which was a 15% decrease. Read More →
JYJ Park Yoochun, Donates the 1.86-ton Rice Wreaths the Fans Sent to Underfed Children
JYJ Park Yoochun is to donate with his fans the rice wreath weighing 1.86 ton in order to help the underfed children and is gathering attention.
At 11am of the 17th in the Banyan Tree Hotel of Zhangchoongdong, Seoul, the Production Conferece for the new MBC Monday-Tuesday drama “Miss Ripley” was held.
On this Production Conference, Park Yoochun, Lee Dahae, Kim Seungwoo, and Kang Hyejung attended to make the place bright. It was a ceremony in which they renewed their determination for the drama and also to wish for its success. Read More →
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