[Focus Stock] "Back in the Black" NCSoft Jumps 6% in Early Trading

The share price of NCSoft, which has successfully returned to profitability, is showing strong performance, rising 6% in early trading compared with the previous day.


[Focus Stock] "Back in the Black" NCSoft Jumps 6% in Early Trading 원본보기 아이콘

As of 9:19 a.m. on the 11th, NCSoft is trading at 216,000 won, up 6.14% (12,500 won) from the previous day.


It appears that investors are focusing on the company as last year’s results improved significantly compared with the previous year. The previous day, NCSoft announced in a regulatory filing that its consolidated operating profit for last year was tentatively estimated at 16.1 billion won, marking a return to the black from an operating loss of 109.2 billion won a year earlier. This was attributed to the positive impact of the hit title “Aion 2,” which was released in the second half of last year.


NCSoft posted revenue of 1.5069 trillion won (down 4.5% year-on-year) and net profit of 347.4 billion won (up 269.1%).


Hong Wonjun, Chief Financial Officer (CFO) of NCSoft, said during an earnings conference call the previous day, “If last year was a year of turnaround and improvement, this year will be the year we achieve full-fledged high growth,” adding, “Our sales target for this year is 2.5 trillion won, which is the upper end of the previously presented revenue guidance range of 2 trillion to 2.5 trillion won.”

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