Netmarble's Operating Profit Reaches 272 Billion Won Last Year, Up 34.2% Year-on-Year
[Asia Economy Reporter Kang Nahum] Netmarble announced on the 10th that it recorded consolidated sales of 2.4848 trillion KRW and operating profit of 272 billion KRW last year. Compared to the same period last year, sales increased by 14.0% and operating profit by 34.2%. Net profit for the period rose 99.4% to 338.5 billion KRW.
In the fourth quarter of last year, sales and operating profit were 623.9 billion KRW and 82.5 billion KRW respectively, with net profit at 103.3 billion KRW. Although sales and operating profit in the fourth quarter decreased by 2.9% and 5.6% respectively compared to the previous quarter, they increased by 12.4% and 61.4% compared to the same period last year. Net profit surged 11.7% from the previous quarter and 2097.9% year-on-year.
Regarding overseas sales, the annual figure for 2020 was 1.7909 trillion KRW, accounting for 72% of total sales. This represents a 23.3% increase from the previous year, showing a trend of gradually expanding proportion.
The company explained that this was the result of consistently strong performances by popular games such as 'The Seven Deadly Sins: GRAND CROSS,' launched in major global markets including North America in March last year, as well as 'Marvel Contest of Champions (Kabam),' 'Lineage 2 Revolution,' and 'Blade & Soul Revolution.'
The mobile collectible MMORPG ‘Seven Knights 2,’ released in November, is also showing excellent results, ranking in the Top 3 in sales on both the Google Play Store and Apple App Store.
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Netmarble CEO Kwon Young-sik said, "The year 2021, the Year of the Ox, is a meaningful year as we start anew in our new headquarters, 'G Tower.' In particular, with the launch of major anticipated titles such as 'Ni no Kuni: Cross Worlds,' 'Marvel Future Revolution,' and 'Seven Knights Revolution,' it will be an opportunity to strengthen our global game competitiveness."
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