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Netmarble Games H1 profit climbs 210.0% YOY

Netmarble Games Corp. said its normalized net income for the first half amounted to 2,207.10 South Korean won per share, an increase of 151.9% from 876.26 won per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 164.20 billion won, an increase of 210.0% from 52.96 billion won in the year-earlier period.

Total revenue rose 81.0% year over year to 1.227 trillion won from 678.03 billion won, and total operating expenses climbed 63.8% on an annual basis to 925.81 billion won from 565.24 billion won.

Reported net income increased 222.5% on an annual basis to 200.21 billion won, or 2,691.00 won per share, from 62.08 billion won, or 1,027.10 won per share.

As of Aug. 14, US$1 was equivalent to 1,139.03 South Korean won.