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NCsoft Announces Q2 Financial Data

Posted Aug 09, 2007 by Keith Cross

NCsoft Announces Q2 Financial Data

NCsoft has released a press release detailing the company's second quarter financial data.

Seoul, South Korea, August 8, 2007 - NCsoft® Corporation (KSE: 036570.KS) today reported second quarter 2007 sales of KRW 75.9 billion (US$82.1 million), operating income of KRW 10.6 billion (US$11.5 million), and net income of KRW 10.6 billion (US$11.5 million) all on a consolidated basis. Compared to the previous year's corresponding quarter, sales were down by 11%, operating income up by 533%, and net income converted to surplus. A one-time write off in expenses of KRW 11.3 billion related to Auto Assault® was included in the previous year's corresponding quarter.

By region, the percentage breakdown of sales for the second quarter shows 59% in Korea (US$ 52.5 million), and 41% from overseas entities and royalty income: US$13.9 million in North America, US$4.9 million in Europe, US$8.3 million in Japan, US$2.5 million in Taiwan, and royalty income of US$3.9 million.

By game title, sales in the quarter for Lineage® recorded KRW 25.5 billion (US$27.6 million), Lineage II KRW 32.1 billion (US$34.7 million), City of Heroes®/City of Villains® KRW 6.4 billion (US$6.9 million), and Guild Wars® KRW 8.3 billion (US$8.9 million). Lineage and Lineage II sales dropped 16% and 2%, respectively, and City of Heroes/City of Villains increased by 7%.

Read more here.

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