Krafton Reports 1.7 Trillion KRW Revenue Last Year... Aiming for IPO by Q3 This Year

[Asia Economy Reporter Kang Nahum] Krafton, the creator of the game 'Battlegrounds,' reported sales reaching 1.7 trillion KRW last year.

According to Krafton's 2020 business report on the 2nd, consolidated sales for last year were 1.6704 trillion KRW, with an operating profit of 773.9 billion KRW.

Compared to the previous year, sales increased by 53.6%, operating profit by 115.4%, and net profit for the period rose by 99.5% to 556.3 billion KRW.

In particular, the growth of mobile games such as 'Battlegrounds Mobile' drove Krafton's performance last year.

Last year, sales by platform were 1.3413 trillion KRW for mobile, 264.9 billion KRW for PC, 29.5 billion KRW for console, and 34.6 billion KRW for others. Although PC and console sales decreased compared to the previous year, mobile sales more than doubled, boosting overall sales.

On the 31st of last month, Krafton passed a proposal at the shareholders' meeting to split its stock, which had a face value of 500 KRW, at a ratio of 5 to 1.

Currently, Krafton's over-the-counter trading price exceeds 2.3 million KRW per share. After the stock split, the price per share is expected to be between 450,000 and 500,000 KRW. The stock split date is the 4th of next month.

Krafton aims to go public in the 2nd to 3rd quarter of this year.

This content was produced with the assistance of AI translation services.