NC's 'Earnings Shock'... Last Year's Operating Profit Plunges 75% to 137.3 Billion Won

NCSoft announced on the 7th that its consolidated revenue for last year was 1.7798 trillion KRW, with an operating profit of 137.3 billion KRW. Compared to the previous year, revenue decreased by 30.8%, and operating profit fell by 75.4%.

In the fourth quarter of last year, revenue was 437.7 billion KRW, and operating profit was 3.9 billion KRW. Compared to the same period last year, revenue and operating profit decreased by 20.1% and 91.9%, respectively.

The company explained these results by stating that "revenue and profit declined due to the downward stabilization of mobile game sales."

NCSoft plans to hold a conference call at 9 a.m. on the 8th to announce detailed results for the fourth quarter of last year.

Meanwhile, NCSoft also announced that it has decided on a cash dividend of 3,130 KRW per common share. The total dividend amount is 63.56228 billion KRW, with a dividend yield of 1.3% based on market price.

Out of 21,955,402 issued shares, dividends will be paid on 20,307,439 shares excluding treasury stock. The dividend payment date is scheduled for April 26, after the shareholders' meeting.

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