YG Entertainment, a KOSDAQ listed company, announced on Nov. 11th that its operating loss in the third quarter of this year was about 3 trillion won, a difference of 2.6 billion in operating profit of wons registered at the same time last year.
The operating loss was very different from Yonhap Infomax’s market forecast of operating profit of approximately 330 million won.
Sales fell 2.3% year-over-year to around W 63.7 billion. The net loss was about 6.4 billion won in the red.
This article was automatically prepared by algorithms based on Alliance Infomax and Korea Exchange (KRX) data.
Journalist : Shawn
Translator : Shawn
Source : Yonhap news
