180516 GOT7 contributes to the increase of sales profit in JYPE, Jackson’s Chinese promotions bring in more sales than expected

-removed all other information not related to GOT7-

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.”

Translation: Ahgawings