FNC Entertainment Sees Change In Profits For First Half Of 2018
FNC Entertainment has announced their profit results for the first half of 2018.
For the first half of the year, FNC recorded total sales of 38.1 billion won (approximately $33.7 million), business loss of 3.1 billion won (approximately $2.7 million), and net profit of 3.9 billion won (approximately $3.4 million).
Compared to last year, sales slightly decreased while its operating loss somewhat increased. But due to selling a portion of their shares of FNC Add Culture (now called SM Life Design Group) in the second quarter, the net profit turned positive.
Despite sales slightly decreasing, FTISLAND and SF9 saw positive responses to their music and concerts, and AOA has maintained their popularity with a successful comeback through their fifth mini album “Bingle Bangle,” which topped the country’s major music sites.
FNC Production has also participated in producing KBS2’s “Mr. House Husband,” “JTBC’s “Carefree Travelers,” and “Idol Room.”
A source from the agency stated, “Recently, as actors and entertainers renewed their contracts with FNC, based on the trust that has been accumulating over the years, the agency’s line up is stable and set, and the accelerated growth of actors and activities of incredible entertainers is set to continue.”