The 2013 first quarter earnings report are in for the 'Big 3' entertainment companies.
YG Entertainment saw the biggest jump in gross profit. YG Entertainment's business profit was 6,292,000,000 KRW (approximately $5.6 million USD), which is more than a 44.3% increase over the same period last year. Their total sales came in at 29,086,400,000 KRW (approximately $25.8 million USD), and their net profit added up to 4,164,000,000 KRW (approximately $3.7 million USD).
YG Entertainment explained, "As our artists' overseas activities become more and more active, their royalties and sales increased. Big Bang and 2NE1's world tours' profits were included for the first quarter."
(SM and JYP earnings omitted)
Source: AKP
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