SAMG Entertainment, a production company of popular animations such as "Catch! Tini-Ping," has succeeded in turning a profit in the first quarter of this year (January to March), resulting in strong stock prices on the morning of the 15th.
As of 9:46 a.m. on the 15th, SAMG Entertainment shares are trading at 61,900 won, up 11,100 won (21.85%) from the previous trading day in the KOSDAQ market. During trading, the price reached 64,300 won, setting a new peak for the year.
Earlier, SAMG Entertainment announced on the 14th that it recorded consolidated revenue of 35.7 billion won and an operating profit of 6.3 billion won for the first quarter of this year. Revenue increased by 41% compared to the same period last year, and both operating profit and net income (5.7 billion won) turned to profit compared to the same period last year.
Kim Su-hoon, CEO of SAMG Entertainment, noted that "the increase in brand value of the company's key intellectual properties (IPs) such as 'Catch! Tini-Ping' and 'Metal Card Bot,' along with the establishment of a distribution network and platform system based on big data, has led to overall performance improvement."