May 12, 2020 / 12:00AM GMT
Jae-Soo Yoon - Ncsoft Corporation - CFO
[Interpreted] Good morning. This is Yoon Jae-Soo, the CFO of NCSOFT. I would like to first thank everyone for taking time out of your busy schedule to participate in this earnings conference call for the first quarter of 2020. Let me begin my presentation with the first quarter earnings highlights.
First quarter sales totaled KRW 731.1 billion, representing an increase of 37% quarter-on-quarter and 104% year-on-year. Sales from existing PC online games and LM were stable, while Lineage 2M performance was included in full, leading to the highest quarter sales in the history of the company.
Operating profit posted KRW 241.4 billion, a jump of 71% quarter-over-quarter and 204% year-over-year, reflecting the performance of the top line.
Pre-tax income was KRW 255.6 billion, and net income, KRW 195.4 billion, up 161% and 261%, respectively, versus the previous quarter.
Next, let me go over the sales of each title. Sales for Lineage 2M, which was launched last November, was reflected in full for this quarter. The
Q1 2020 NCSOFT Corp Earnings Call Transcript
Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis | |
30-Year Financial on one screen | |
All-in-one Stock Screener with unlimited filters | |
Customizable Stock Dashboard | |
Real Time Insider Trading Transactions | |
8,000+ Institutional investors’ 13F holdings | |
Powerful Excel Add-in and Google sheets Add-on | |
All data downloadable | |
Quick customer support | |
And much more... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot