121129 Experts project SM Entertainment will post $40.3 million USD in revenue for Q4 2012

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    Tetsuya
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    121129 Experts project SM Entertainment will post $40.3 million USD in revenue for Q4 2012

    Post by Tetsuya on 2012-11-29, 08:49

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    Asset management and Brokerage firm Korea Investment & Securities (KI&S) has predicted that SM Entertainment will bring in 43.7 billion KRW (approximately $40.3 million USD) in revenue, and 13.7 billion KRW (approximately $12.6 million USD) in profit for the fourth quarter of 2012.

    The sales are expected to increase by 11% compared to last year, and a profit increase of 51.3% over Q4 2011. Even though the company’s third quarter results fell short of analyst expectations, they are still growing as a content-producing enterprise and their growth doesn’t seem to be slowing down. The company is actively promoting in Japan and China, and there will also be a synergy effect for SM C&C. SM C&C plans to expand as an Asian video content and drama production center, in addition to becoming a global acting management business.

    The projected results are based from Girls’ Generation‘s single and full album release in Japan, as well as their plan for a Japanese arena tour and American album release early next year. The SM TOWN concerts also brought in an incredible number of audience members in Singapore and Thailand. Not only so, but the Super Junior KRY unit had their own concert in Japan in front of an audience of 15,000, and they’ve added more dates due to demand. TVXQ has also started their world tour.

    EXO is also said to have a new album slated for release in December, and will enter the Chinese market next year as well. 1-2 new groups will also debut next year, and f(x) along with BoA will be re-entering the Japanese market as well. The company also saw an incredibly successful year in Japan not only from Girls’ Generation, but also SHINee and Super Junior.

    A researcher from Korea Investment & Securities said, “Based on their activities, the earnings that they receive from Japan is estimated to be around 20 billion KRW (approximately $18.4 million USD). Their domestic and foreign sales are increasing as well.“

    from allkpop


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