[Special Stock] Kakao Games with 900% Operating Profit Increase Surges 14% Intraday

Kakao Also Surges Over 5% Intraday on the Same Day

[Asia Economy Reporter Ji Yeon-jin] On the 3rd, Kakao Games announced a 'surprise performance' for the second quarter, soaring more than 10% during the trading session, and Kakao is also showing a strong rally.

As of 2:37 PM on the same day, Kakao Games was trading at 58,200 KRW, up 14.57% (7,300 KRW) compared to the previous day. Additionally, Kakao, the parent company of Kakao Games, recorded 75,700 KRW, up 5.43% (3,900 KRW).

The company announced that it posted an operating profit of 81 billion KRW in the second quarter of this year, far exceeding market expectations. This is the best performance since Kakao Games was established in August 2013.

Kakao Games recorded consolidated second-quarter results of 338.8 billion KRW in sales, 81 billion KRW in operating profit, and 64 billion KRW in net profit. Compared to the same period last year, sales increased by 162%, operating profit by 900%, and net profit by 16,418%.

Securities information provider FnGuide presented the consensus for Kakao Games' second-quarter performance as sales of 355 billion KRW (a 174.19% increase year-on-year), operating profit of 78.6 billion KRW (an 869.77% increase year-on-year), and net profit of 44.4 billion KRW (a 4,384.85% increase year-on-year).

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