DoubleU Games 2019 4Q Operating Profit 18 Billion KRW... 10% Decrease YoY
Net Income Reaches 20.9 Billion KRW... Up 20.6% Compared to Same Period Last Year
[Asia Economy Reporter Minwoo Lee] W Games' operating profit for the fourth quarter of last year was preliminarily estimated at 18 billion KRW, down 10% from the same period last year.
W Games announced on the 5th that its sales for the fourth quarter of last year reached 47.5 billion KRW, with an operating profit of 18 billion KRW. Compared to the same period last year, sales decreased by 7% and operating profit decreased by 10%. On the other hand, net profit for the period increased by 20.6% to 20.9 billion KRW.
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As a result, the cumulative performance for last year recorded sales of 200.2 billion KRW and operating profit of 78.3 billion KRW. Net profit for the period was 108.3 billion KRW. Compared to the previous year, sales increased by 3.7%, operating profit increased by 2.3%, and net profit also rose by 23.4%.
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