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NCsoft Reports Q2 Financial results

Posted Aug 13, 2008 by Keith Cross

NCsoft Reports Q2 Financial results

NCsoft has announced their second quarter financial results, reporting sales of 78.6 million USD and a net income of 5.9 million  USD.

SEOUL, South Korea--(BUSINESS WIRE)--NCsoft® Corporation today reported second quarter 2008 sales of KRW 81.2 billion (US$78.6 million), operating profit of KRW 8 billion (US$7.7 million), pre-tax profit of KRW 10 billion (US$9.7 million), and net income of KRW 6.1 billion (US$5.9 million). Compared to the previous year, sales rose 7% while the operating profit, pre-tax profit and the net income dropped 25%, 31%, 42%, respectively.

NCsoft announced that the increase in sales was due primarily to the shutting down of private Lineage® servers and the successful update of Lineage II Gracia Part 1. The drop in operating profit was due to continued investment, including personnel, in development studios across the NCsoft organization.

Read more here.


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