YG Entertainment disclosed Monday that its third-quarter operating profit fell 56.8 percent from a year earlier to 13.45 billion won ($9.91 million), according to a regulatory filing.

Revenue for the same period dropped 9.4 percent to 156.73 billion won.

Net profit for the period came in at 6.39 billion won, down 73.8 percent, in a preliminary tally.


jiyoon436@heraldcorp.com