180516 GOT7 contributes to the increase of sales profit in JYPE, Jackson’s Chinese promotions bring in more sales than expected
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On the 16th, JYP Entertainment closed off the day with a 6% increase from the previous day at ￦21, 950. Recently, due to the news of major shareholder Park Jinyoung (JYP) being involved in a cult meeting, there was a halt but it quickly recovered and is on an upward trend. One is able to analyse the rise of the stock price on this day as a reflection of the results recorded in the 1st quarter. The company recorded in their 1st quarter an operating profit of ￦1.4 billion and sales volume of ￦23 billion, exceeding market consensus (operating profit of ￦1 billion).
The increase of results in JYP Entertainment are due to the rise in sales of TWICE and GOT7’s physical and digital music sales. Hana Financial Investment Lee Ki-Hoon researcher said, “GOT7 Jackson’s China promotions, TWICE album and MD sales as well as YouTube and digital contents brought about higher sales than initially expected.”