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NEXON Q4 profit falls YOY

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NEXON Q4 profit falls YOY

NEXON Co. Ltd. said its normalized net income for the fourth quarter came to ¥18.12 per share, a decrease of 37.0% from ¥28.76 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥8.06 billion, a decline of 35.0% from ¥12.40 billion in the prior-year period.

The normalized profit margin declined to 17.6% from 28.9% in the year-earlier period.

Total revenue increased 6.7% year over year to ¥45.82 billion from ¥42.93 billion, and total operating expenses rose year over year to ¥29.89 billion from ¥28.82 billion.

Reported net income came to ¥4.40 billion, or ¥9.88 per share, compared with a loss of ¥4.50 billion, or a loss of ¥10.43 per share, in the prior-year period.

For the year, the company's normalized net income totaled ¥102.99 per share, compared to EPS of ¥96.33 in the prior year.

Normalized net income was ¥45.54 billion, a gain from ¥42.57 billion in the prior year.

Full-year total revenue grew from the prior-year period to ¥190.26 billion from ¥172.93 billion, and total operating expenses grew on an annual basis to ¥122.36 billion from ¥112.56 billion.

The company said reported net income rose on an annual basis to ¥55.13 billion, or ¥124.67 per share, in the full year, from ¥29.32 billion, or ¥66.34 per share.

As of March 30, US$1 was equivalent to ¥112.45.