[Featured Stock] Kakao Games Rises on Strong Performance Last Year
[Asia Economy Reporter Song Hwajeong] Kakao Games is showing strong performance due to last year's favorable results.
As of 10:09 AM on the 8th, Kakao Games was trading at 55,700 KRW, up 3,300 KRW (6.3%) from the previous day.
On this day, Kakao Games announced that its operating profit for last year was preliminarily estimated at 66.55023 billion KRW, a 90.1% increase compared to the same period last year. Last year's revenue was 495.52134 billion KRW, up 26.7%, and net profit for the period increased by 659.2% to 67.31157 billion KRW.
Hot Picks Today
"You Might Regret Not Buying Now"... Overseas Retail Investors Stirred by News of Record-Breaking Monster Stocks' IPOs
- "Not Jealous of Winning the Lottery"... Entire Village Stunned as 200 Million Won Jackpot of Wild Ginseng Cluster Discovered at Jirisan
- Mistaken for the Flu, Left Untreated... Death Toll Surges as WHO Declares Emergency (Comprehensive)
- Pompidou Center Hanwha Unveils Picasso Works, Opens to Public on June 4
- "How Did an Employee Who Loved Samsung End Up Like This?"... Past Video of Samsung Electronics Union Chairman Resurfaces
Kakao Games explained, "The annual performance recorded the highest sales and operating profit since the company's founding, with stable revenue from live games combined with the success of new releases, leading to balanced growth in both PC online and mobile games."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
