SM Entertainment, on the 13th has released their quarterly report and they have over 22.7 billion of profit from sales this... year, their profit has grown 58% compared to their operation profit of 10.4 billion last year. SM Entertainment said that their operating profit has exceeded their expectations.
SM said that, "The main factors for such sales and growth of profit would be SNSD's second album 'Oh!' where they are active this first half of the year, including their oversea's concerts and their repacked album".
SM followed by saying, "The future will hold Super Junior, Super Junior M, SNSD, SHINee, f(x) and following artist's from SM that be promoting throughout Asia and International music concerts are scheduled to be released and album releases. The growth and improvement are expected to continue through the second half of the year".
Source: Starnews
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