YG Entertainment first quarter earnings for 2013 was revealed.
The business profit of YG Entertainment for the first quarter of 2013 was 6,292,000,000 KRW (approximately $5.6 million USD). Compared to last year, it is more than a 44.3% increase over the same period. 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, "Our artists' overseas tours and concerts are the huge contributors for the increase because their royalties and sales increased."
written by: loveluytakyo@dkpopnews.net
SOURCE: bigbangupdates