[THE INVESTOR] YG Entertainment’s operating profit in the third quarter will hike 27 percent to 7 billion won (US$6.19 million) and revenue will jump 55 percent to 74.1 billion won in the third quarter, according to Shinhan Investment on Oct. 21.
“Concerts should drive top-line growth: Big Bang is celebrating its 10th anniversary with a concert in Japan with attendance of 280,000, 10 in China and one in Korea; iKon has four tours in Asia; and Sechs Kies has two. Sales contribution should increase from recruitment of artists in the management segment,” said the securities firm.
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For 2016, Shinhan forecasts, sales will come in at 297.2 billion won, up 54 percent on year, and operating profit at 29.4 billion won, up 35 percent on-year.
By Hwang You-mee (
glamazon@heraldcorp.com)
