Gravity Reports Operating Profit of 49 Billion KRW Last Year, Up 45% Year-on-Year
New Ragnarok IP-Based Titles Released Domestically and Internationally This Year
[Asia Economy Reporter Jin-gyu Lee] Gravity announced on the 14th that its provisional operating profit last year was 49 billion KRW, a 45.5% increase compared to the previous year.
Last year's provisional sales amounted to 361 billion KRW, up 25.9% from the previous year. Provisional sales for the fourth quarter of last year were 72 billion KRW, with an operating profit of 1.8 billion KRW.
Gravity plans to boost performance this year by launching new titles based on the Ragnarok intellectual property (IP) both domestically and internationally. Last month, it launched "Ragnarok Tactics" in the Southeast Asia region, and it is scheduled to be released in Taiwan, Hong Kong, and Macau on the 25th. The domestic launch is being prepared with a target for the second quarter.
Additionally, the idle role-playing game (RPG) "Ragnarok H5," which was first introduced domestically, will be released in the Indonesian market in March. "RagnarokX: Next Generation," showcased at G-Star 2019, aims for a release in Taiwan, Hong Kong, and Macau in the second half of this year.
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"Ragnarok Origin" is also planned to be launched domestically in the third quarter of this year. A Gravity official stated, "Ragnarok Origin implements the game elements of Ragnarok at the highest level on mobile."
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