Neowiz Reports Operating Profit of 23.1 Billion KRW Last Year, Down 61.6% YoY

[Asia Economy Reporter Myunghwan Lee] Neowiz announced on the 9th that its operating profit on a consolidated basis last year was 23,154,050,000 KRW, down 61.6% compared to the same period of the previous year.

During the same period, sales amounted to 261,183,870,000 KRW, a decrease of 9.8%. Net profit for the period recorded 52,973,550,000 KRW, down 14.8% from the previous year.

Neowiz explained, "Operating profit decreased due to a decline in sales and an increase in labor costs."

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