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omonatheydid
SM Ent booked 2008 revenue by 43,400,000,000 won. Compared to their last net income, it's a 42 times increasing. This is the largest the company ever recorded ever since SM's revenue and net profit record firstly established.
This high increasing is due to the successful debut of their new artists, SNSD and SHINee while their top groups Dong Bang Shin Ki and Super Junior also made a increasing revenue in their local activities.
Meanwhile conversion factor is also one of the biggest contribute factors as there were many overseas activities made by Dong Bang Shin Ki, Super Junior, and other SM artists whose royalty income was paid by foreign currencies. Royalty income was increased by U.S dollars exchange and the recent rise in Yen's exchange rate definitely added up the result as well.
Source
43,400,000,000won is approx 30Million American? Correct me if I'm wrong.
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Date: 2009-03-13 05:57 am (UTC)Indeed
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