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NEXON Q1 profit climbs 12.6% YOY

NEXON Co. Ltd. said its first-quarter normalized net income came to ¥34.21 per share, an increase of 13.5% from ¥30.14 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥15.12 billion, a gain of 12.6% from ¥13.43 billion in the year-earlier period.

The normalized profit margin rose to 29.1% from 28.3% in the year-earlier period.

Total revenue climbed 9.4% on an annual basis to ¥51.97 billion from ¥47.49 billion, and total operating expenses grew 13.0% year over year to ¥29.75 billion from ¥26.32 billion.

Reported net income rose 14.9% from the prior-year period to ¥18.54 billion, or ¥41.96 per share, from ¥16.14 billion, or ¥36.23 per share.

As of May 15, US$1 was equivalent to ¥119.30.