Ncsoft Corporation Announces Earnings Results for the Second Quarter of 2019; Provides Revenue Guidance for the Second Half of 2019
August 02, 2019 at 02:58 pm EDT
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Ncsoft Corporation announced earnings results for the second quarter of 2019. For the quarter, the company's second quarter sales were KRW 410.8 billion, an increase of 15% versus the previous quarter, driven by robust sales in PC and mobile games. Operating profit recorded KRW 129.4 billion, up by 53% quarter-on-quarter due to solid top line performance and the absence of one-off labor costs, which were included in the first quarter. Net income rose 56% to KRW 116.9 billion.
For the second half of 2019, considering behind user numbers and strong series of update plans, the company believes revenues will maintain sound in the second half of 2019.
NCSOFT Corp is a Korea-based company principally engaged in the development, production and publication of games. Mobile game products include lineage red knights, final blade, pro baseball h2, lineage m and others. Online game products consist of lineage, lineage 2, alon, blade & soul, guild wars 2, among others. The Company also manages the intellectual property rights of mobile and online games. The Company sells its products within domestic market and to overseas markets.