POPA Recon[Korea Economic TV] 'Nix must have more incentive' CJ ENM, 1Q operating profit of KRW 1.5 billion
[Korea Economic TV] 'Nix must have more incentive' CJ ENM, 1Q operating profit of KRW 1.5 billion • CJ ENM's first-quarter sales rose 16.8% year-on-year to KRW 1.3297 trillion, but its operating profit was only KRW 1.5 billion, far below the market estimate of KRW 25 billion. • DB Investment & Securities published a report pointing out that CJ ENM's operating profit may be lower than SK Hynix average performance pay per employee (about 700 million won). • TV advertising sales fell 20.6% year-on-year, recording an operating loss of 21.2 billion won, and the music business also turned into a…
The excerpt is quoted from a public Telegram channel, which owns its text.