Biz revenue sharply fell YoY, because of reduction in image performance and management sales.Although, fixed cost burden was added, arising from biz revenue reduction, firms net loss slid YoY, due to decline of sales cost ratio.Firms cash flows from operating activities are low, due to continued net loss. Sales are forecast to be revered, in view of expansion of music biz, arising from biz structure reorganization.Firms profitability improvement is expected thru music record sales and CF sales, according to signing of exclusive agreements with singers.Firm is forecast to lay the foundation for biz operation thru secured working capital, according to issue of BW via private offering.
29, Banpo-daero 20-gil Seocho-gu Seoul
Seoul; Seoul; Postal Code: 137873
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