YG Entertainment records drastic increase in operating profit in Q1 compared to the precedente anno 

YG Entertainment records drastic increase in operating profit in Q1 compared to the previous year

YG Entertainment saw a drastic jump in operating profit in the first quarter of 2017. 

On May 11, the income statement revealed that YG Entertainment earned 14,825,000,000 KRW (~ $13,182,538) in operating income for the first quarter. This is a 56.6% increase year over year compared to the same period in 2016 when YG posted an operating income of 9.4 Billion KRW (~ $8.3 million). 

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As for the revenue, YG Entertainment recorded 106.88 Billion KRW (~ $95 million), which is a 46.5% YoY increase. During the same period in 2016, YG posted a revenue of 72.95 Billion KRW (~ $65 million). However, as operating expenses increased, the net income saw a decrease of 6.8% YoY to 5,992,000,000 KRW (~ $5,325,629). The net income in Q1 of 2016 was 7,096,000,000 KRW (~ $6,309,834).

The agency is expected to continue its success in the second quarter with solo promotions of

Big Bang members, iKON\'s comeback, WINNER\'s Japan tour, and more. 

Shares of YG closed at 34,000 KRW (~ $30.23) on May 11, an increase of 4.13% for the day.

YG\'S doing really well thanks to Winner , Psy and BB i expect it will get higher once bp and ikon AKMU and lee hi make their comeback. There\'s still SM and JYP to consider though sm (exo ,gg.suju comeback) and JYP\'s got TWICE and GOT7 which means there\'s STRONG competion. But this is still probably YG\'S year since there doing the best this quarter.

great, business insider info that have barely any use to this website\'s target demography

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