Compared to the Previous Corresponding Year, Sales Rose 7% Pre-Tax
Profit Reached US$10.2 Million
SEOUL, South Korea--(Business Wire)--
NCsoft(R) 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(R) servers and the successful
update of Lineage II Gracia(TM) Part 1. The drop in operating profit
was due to continued investment, including personnel, in development
studios across the NCsoft organization.
By region, the percentage breakdown of sales for the second
quarter shows 58% in Korea (KRW 46.6 billion/US$44.5 million), and 42%
from overseas entities and royalty income: 13% in North America (KRW
10.8 billion/US$10.4 million), 6% in Europe (KRW 5.3 billion/US$5.1
million), 13% in Japan (KRW 10.7 billion/US$10.3 million), 4% in
Taiwan (KRW 2.9 billion/US$2.8 million) and royalty income of 6% (KRW
4.7 billion/US$4.5 million).
By game title, sales in the quarter for Lineage recorded KRW 28.1
billion (US$27.2 million), Lineage II KRW 34.7 billion (US$33.6
million), City of Heroes(R)/City of Villains(R) KRW 5.7 billion
(US$5.5 million), Guild Wars KRW 5.1 billion (US$4.9 million) and
Richard Garriott's Tabula Rasa(R) KRW 2 billion (US$1.9 million).
NCsoft's CFO Jaeho Lee said, "In order to maintain our ongoing
development cycles and a diverse game portfolio, multiple games are in
development currently across all NCsoft studios. We anticipate
publishing these new titles within the next two to three years, during
which we believe we'll maintain NCsoft's status as a leader in the
global on-line game market."
NCsoft will officially launch its next AAA MMORPG, Aion(R), in
Korea by the end of this year after open testing. Additionally open
testing services for Lite MMOs such as Love Beat(TM), Punch
Monster(TM), and Dragonica(TM) will begin. In addition, NCsoft saw
positive response from the gaming industry during July's NC Media Day,
after unveiling its three new titles currently under development:
Oriental Martial Arts MMORPG Blade and Soul(TM), Shooter Action RPG
MetalBlack(TM), and Extreme Vehicle Combat Steel Dog(TM).
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*T
2008 Q2 Consolidated Earnings Summary (Unit KRW Mil)
----------------------------------------------------------------------
Q2, 08 Q1, 08 Q2, 07 QoQ YoY
------ ------ ------ ---- ----
Sales 81,201 88,143 75,882 -8% 7%
--------------------------------------- ------ ------ ------ ---- ----
Operating Income 7,969 19,732 10,603 -60% -25%
--------------------------------------- ------ ------ ------ ---- ----
Pre-tax Profit 10,019 11,160 14,571 -10% -31%
--------------------------------------- ------ ------ ------ ---- ----
Net Income 6,121 8,074 10,562 -24% -42%
--------------------------------------- ------ ------ ------ ---- ----
*T
NCsoft, the interlocking NC logo, Lineage, Gracia, Guild Wars,
City of Heroes, City of Villains, Aion, Tabula Rasa, Point Blank,
Punch Monster, Dragonica, Love Beat, Blade and Soul, MetalBlack, Steel
Dog, PlayNC, PlayNC.com and all associated logos and designs are
trademarks or registered trademarks of NCsoft Corporation. All other
trademarks are the property of their respective owners.
Note: 1USD = 1,033 Korean Won (KRW)
NCsoft(R) Corporation
NCsoft IR Manager
Brian Min, +82-2-2186-3330
brian@ncsoft.net
Copyright Business Wire 2008
