SEE ALSO: Former fencing athlete Nam Hyun hee cleared of accomplice charges
On March 4, SM officially announced that it made an estimated, maximum amount of 287 billion won (approx. $261 million USD) in total sales during the year of 2014. This is a 6.8% rise from their 269 billion won ($245 million USD) total sales amount in 2013.�
SM credits a big part of their sales growth to their activities in China. Compared to their sales in 2013, SM made a 146% sales growth in China with 25.6 billion won ($23.3 million USD). SM expects this trend to continue in the years to come.�
As for SM's activities in Japan, due to the yen declining in value, the relocation of the company building, rent increase, new management system, increased labor costs, etc., SM only saw a growth of 15% in profit in Japan.�
SM has additionally reported that their subsidiary SM Culture & Contents has increased in 5.8 billion won ($5.3 million USD) in total sales compared to their total sales in 2013, making the profit amount 60.6 billion won ($55.1 million USD). However, due to drama and broadcast production cost and management activities, SM C&C's deficit also increased by 6.3 billion won ($5.7 million USD).�
In other news, SM is still richer than us all.�
SHARE
Log in to comment