Sales in the first half decreased with reduced sales of music disc and service lines because of stiffened music source industry. Net profit decreased with temporary amortization of subsidiary goodwill while operating income decreased with increase of fixed expenses like payroll. Relatively solid financial structure is maintained with acceptable debt ratio though borrowings increased for investment in film, performance and music disc. Sales will grow as the company will launch music album of popular singers like MC The Max, Big Mama and Hwiseong. CCM music source service will be strengthened as CCMLOVE, CCM music service provider, has been acquired as subsidiary. Will secure advantageous industry position by operating video or cultural contents funds by acquiring equity investment in Boston Venture Capital Investment, medium venture capital company.
Headquarters
3RD FL., NARA BLDLG., 35-15, SAMSEONG 2-DONG, GANGNAM-GU, SEOUL
Seoul; Seoul;
Postal Code: 135830
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Website: http://www.soribadamedia.com
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