(LEAD) NCSOFT Q2 net down 40 pct on increased costs
(ATTN: RECASTS throughout with details; CHANGES slug, headline, lead; ADDS photo, byline)
By Kim Han-joo
SEOUL, Aug. 11 (Yonhap) -- NCSOFT Corp., a major South Korean online and mobile game developer, said Wednesday that its net profit fell 40.4 percent in the second quarter from a year earlier due to increased costs.
Net profit stood at 94.3 billion won (US$81.6 million) during the April-June period, compared with 158.4 billion won a year earlier, NCSOFT said in a regulatory filing.
Sales were unchanged at 538.5 billion won over the cited period, and operating income came to 112.8 billion won in the April-June period, compared with 209 billion won a year ago.
Its increased spending on marketing and personnel expenses dragged down the bottom line for the cited period, according to NCSOFT.
NCSOFT's sales in South Korea came to 355.9 billion won in the period, and those from North America and Europe stood at a combined 24.3 billion won.
Sales from Lineage 2M reached 218 billion won in the second quarter, taking up a large portion of its total mobile game sales.
The popularity of Lineage 2M resulted in an on-year sales increase of 552 percent and 161 percent in Taiwan and Japan, respectively, NCSOFT said.
khj@yna.co.kr
(END)
-
(Yonhap Interview) Fintech startup AIM aims to bring professional wealth services to ordinary investors
-
N.K. leader declares victory in fight against COVID-19: state media
-
7 dead, 6 missing in heaviest rainfall in 80 years
-
(2nd LD) 7 dead, 6 missing in heaviest rainfall in 80 years
-
(LEAD) PPP approves leadership shift, names interim leader
-
(Yonhap Interview) Fintech startup AIM aims to bring professional wealth services to ordinary investors
-
7 dead, 6 missing in heaviest rainfall in 80 years
-
(5th LD) 8 dead, 7 missing in record rainfall in Seoul, surrounding areas
-
(LEAD) 7 dead, 6 missing in heaviest rainfall in 80 years
-
(2nd LD) Samsung heir Lee granted special presidential pardon
-
Bank's refusal to open account for foreigner with long name 'discriminatory': rights watchdog
-
(LEAD) Yoon pledges to improve ties with Japan, offers economic aid in exchange for N.K. denuclearization
-
Yoon pledges to improve ties with Japan, offers economic aid in exchange for N.K. denuclearization
-
S. Korea expresses deep regret over Japanese PM's offering to war shrine
-
Conservative activists hold rally in downtown Seoul on Liberation Day