SM Entertainment posted an operating income/profit of 3.8 billion won—3,836,522,000 won to be exact—or equivalent to US$3.07 million for the first half of 2009.
The financial papers covering the period January 1 to June 30, 2009 were filed by SM Entertainment on August 14 via electronic disclosure system.
According to the report, SM Entertainment earned 29.89 billion won—-29,893,329,000 won to be exact—or equivalent to US$24.21 million in revenues from CD sales, royalties, performances, TV appearances and CFs of its stars for the first half of 2009.
Net income of the company for the first half of 2009 totaled 3,12 billion won (3,122,524,000 won to be exact) or equivalent to US$2.52 million.
The company is now mired in a dispute after its prized pop group, DBSK, filed an injuction against the company last July 31 to suspend the group’s contract, which they said was disadvantageous.
In 2008, SM earned a total of 43,458,755,000 won (US$35.19 million) in revenues.
Gross profit less operating expenses = operating income (meaning it’s the company’s income before taxes are paid)
Operating income less taxes = net income (meaning it’s the income of the company after it pays all taxes)