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NCsoft Sees 50% Drop in Net Income

Posted Nov 12, 2008 by Keith Cross

NCsoft Sees 50% Drop in Net Income

GamesIndustry.biz is reporting that NCsoft saw a 50% drop in their net income, based on 3rd quarter financial results released by the game publisher.

MMO publisher NCsoft has revealed results for the third quarter of the financial year, ended September 30, reporting a 50 per cent drop in net income year-on-year.

The Korean publisher put its net income at KRW 5 billion (USD 3 million) down from KRW 6.6 billion (USD 4.8 million) the previous quarter and significantly down from KRW 10 billion (USD 7 million) for the same period last year.

The poor result is reflected in the company's operating income, which also fell almost 50 per cent, from KRW 7.9 billion (USD 5.8 million) to KRW 4.5 billion (USD 3.3 million). The company experienced an overall sales decline to KR 78,270,000,000.00 (USD 57.6 million) from KR 81,201,000,000.00 (USD 59.6 million).

Read more here.

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