Monday, August 16, 2010

SME’s Overwhelming Sales in the First Half of 2010

Posted on 16. Aug, 2010 by reindrops in General, News/Photos
SM Entertainment is definitely one of the most successful Korean entertainment companies today. The company has not just produced talented idols and groups, but has also gained overwhelming earnings in the first half of the year!
The Financial Supervisory Service reported the company’s achievement on the 16th, revealing a sales record of $47,500,000, which is a 59% increase of the previous year’s sales.
SM Entertainment has also disclosed business profits of $18,600,000 from their semi-annual activities –a whopping 385% increase compared to last year!
From the success of  f(x)’s debut to the release of Super Junior’s fourth album, and SHINee and BoA’s comeback, along with SNSD’s Japan debut, it’s not a wonder why this company has been profitable.
SM Entertainment has further stated, “Along with SNSD’s Japan debut, we will expand the activities for BoA, KangTa, Super Junior, SHINee, and f(x). Through a partnership with Neowiz Internet, we will create smart phone applications to follow the digital age, and continue to grow.”
Good job, SM Entertainment!

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