YG PLUS, a subsidiary of YG Entertainment (up by KRW 7,240, 30, -0.4%), announced on November 10th that the company’s third quarter consolidated operating profit amounted to KRW 2.06 billion to return to profit from the previous year. Its sales rose by 2.97% on a year-on-year basis to KRW 30.402 billion. 

The company stated that its artists – BLACKPINK and TREASURE among others – became highly active from Q3, and both its sales and profit increased as a result in main businesses, including advertising and MD as well as music and album distribution. “Our major subsidiaries are gradually improving in their business results and YG Investment’s profit also grew significantly, contributing to our overall business performance”, the company added. 

“Beginning with BLACKPINK releasing its regular album last October, TREASURE, MINO, AKMU and other artists continue to make their comeback in Q4, and this is set to continuously boost our performance in the second half of this year”, the company noted.