Hybe Q2 Net Income Grows by 18.7 Percent to 117.4 Billion Won


On Tuesday, Hybe Co. announced that its second-quarter net income was 117.4 billion won (US$89.8 million), representing an 18.7 percent increase from the same period last year.

Operating income for April-June was 81.3 billion won, a 7.9 percent decrease from the prior year, the company reported in a regulatory filing. Sales, however, rose 21.2 percent to 621 billion won.

The earnings were higher than market projections. According to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency, the average estimate of net profit by analysts was 62.9 billion won.

You might also like
Open chat
Need help?
Scan the code
Hello 👋
Can we help you?

Mark Silaev
Glosema Account Manager