HYBE Co., Ltd. (352820.KS), a South Korean entertainment company, reported Monday a loss in its third quarter compared to prior year's profit, despite strong growth in sales.
In the quarter, net loss attributable to shareholders of parent company was 50.27 billion Korean won, compared to last year's profit of 6.37 billion won.
Net loss from continuing operation before income tax was 29.94 billion won, wider than loss of 6.56 billion won a year ago.
Operating loss was 42.20 billion won, compared to profit of 54.19 billion won last year.
Sales, however, climbed 37.8 percent to 727.18 billion won from 527.85 billion won a year ago.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.