Just Peachy 1,282 Posted November 15, 2019 Share Posted November 15, 2019 For reference: Q1: SM Revenue: 130.8B Operating profit: 2.7B Net profit: -1B deficit JYP Revenue: 26.4B Operating profit: 5.8B Net profit: 6.4B YG Revenue: 64.6B Operating profit: -2.2B deficit Net profit: 8.3B Q2: SM Revenue: 159.6B Operating profit: 0.4B Net profit: 0.5B JYP Revenue: 39.1B Operating profit: 9.4B Net profit: 6.8B YG Revenue: 78.1B Operating profit: -1B deficit Net profit: -6.1B deficit 1 Link to comment Share on other sites More sharing options...
Just Peachy 1,282 Posted November 15, 2019 Share Posted November 15, 2019 (edited) 42 minutes ago, Jihyo StoleMyHeartAYAYAY said: yg's profit is -6.3b tf is that mean? they have debts now???? No it's just what they've earned over the last 3 months. The fact that it's in minus means their costs were higher than their profits, in this case MUCH higher But companies have capital (investment assets and profit they've earned through the years) which should cover those costs. It does look pretty dark for YG tho, because they've had pretty large deficits the last two quarters, which will ofc slowly shrink their capital, and on top of that they had to pay back LVMH's investment of 64B won. Edited November 15, 2019 by Just Peachy 2 Link to comment Share on other sites More sharing options...
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