YG Entertainment (122870) surged on May 9 after reporting a return to profitability in the first quarter.
As of 12:12 p.m., shares of YG Entertainment (122870) were trading at 76,200 won, up 8,700 won or 12.89% from the previous session. The stock climbed as high as 78,000 won during intraday trading, marking a new 52-week high.
The company announced earlier in the day that it had posted a consolidated operating profit of 9.52 billion won for the first quarter, reversing a loss from the same period last year, based on preliminary results. Revenue rose 14.7% year-on-year to 100.16 billion won, while net profit jumped 2,324.5% to 10.23 billion won.
*[KOSDAQ]YG Entertainment(122870) is a global entertainment company housing popular artists such as Blackpink, iKON, AKMU, and Treasure.The market capitalization is 1.268 trillion won(as of May 8, 2024, closing price).
YG Entertainment (122870) surged on May 9 after reporting a return to profitability in the first quarter.
As of 12:12 p.m., shares of YG Entertainment (122870) were trading at 76,200 won, up 8,700 won or 12.89% from the previous session. The stock climbed as high as 78,000 won during intraday trading, marking a new 52-week high.
The company announced earlier in the day that it had posted a consolidated operating profit of 9.52 billion won for the first quarter, reversing a loss from the same period last year, based on preliminary results. Revenue rose 14.7% year-on-year to 100.16 billion won, while net profit jumped 2,324.5% to 10.23 billion won.
*[KOSDAQ]YG Entertainment(122870) is a global entertainment company housing popular artists such as Blackpink, iKON, AKMU, and Treasure.The market capitalization is 1.268 trillion won(as of May 8, 2024, closing price).