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NEXON Q2 profit climbs 88.1% YOY

NEXON Co. Ltd. said its normalized net income for the second quarter was ¥18.88 per share, a gain of 88.4% from ¥10.02 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥8.38 billion, an increase of 88.1% from ¥4.45 billion in the year-earlier period.

The normalized profit margin climbed to 19.6% from 12.1% in the year-earlier period.

Total revenue grew 15.6% year over year to ¥42.66 billion from ¥36.89 billion, and total operating expenses increased 16.4% from the prior-year period to ¥31.34 billion from ¥26.93 billion.

Reported net income increased 218.7% from the prior-year period to ¥13.01 billion, or ¥29.33 per share, from ¥4.08 billion, or ¥9.19 per share.

As of Aug. 14, US$1 was equivalent to ¥124.29.