Back To Top

Hybe Q2 net income up 358.1% to W93b

his image, provided by Big Hit Entertainment, shows a proposal image for its new headquarters in the central Seoul ward of Yongsan. (Big Hit Entertainment)
his image, provided by Big Hit Entertainment, shows a proposal image for its new headquarters in the central Seoul ward of Yongsan. (Big Hit Entertainment)

Hybe Co. on Wednesday reported its second-quarter net profit of 93 billion won ($70.8 million), up 358.1 percent from a year earlier.

The company said in a regulatory filing that it posted 88.3 billion won in operating profit for the quarter, compared with 28 billion won a year ago. Sales rose 83.8 percent to 512.2 billion won.

The earnings beat market expectations. The average estimate of net profit by analysts stood at 61.7 billion won, according to the survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. (Yonhap)

MOST POPULAR
LATEST NEWS
leadersclub
Korea Herald daum
subscribe