Friday, September 06, 2013

2PM Accounts For 79.91% Of JYP Entertainment’s Profits In First Half Of 2013!

After JYP Entertainment’s US branch suffered a heavy blow, the company ended up in the red for the past fiscal year.

Excited to know more about 2PM story? Well, check out the story below!

In the latest celebrity update, JYP Entertainment earned 9,900,000,000 KRW (approximately $8,890,000 USD) in sales, and 2,000,000,000 KRW (approximately $1,796,000 USD) in net profit earlier this year according to Korea’s Financial Supervisory Service.

However, taking last year into account, the company had a net loss of 400,000,000 KRW (approximately $359,200 USD). The loss came from JYP’s United States branch JYP Entertainment Corporation, where JYP holds 90% of the stocks.

Because of this, the JYP Entertainment stock on the KOSDAQ was lowered by 6% to 16,620 KRW (approximately $15 USD). JYP Entertainment still has some risk because of the fact that 2PM makes up most of JYP Entertainment’s profits.

In fact 2PM was responsible for 61.63% of JYP Entertainment profits in 2011, which increase to 72.42% in 2012.  And now it increase even higher at 79.91%.

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