NCsoft Corp (XKRX:036570)
â‚© 220000 10000 (4.76%) Market Cap: 4.47 Til Enterprise Value: 2.99 Til PE Ratio: 21.06 PB Ratio: 1.37 GF Score: 82/100
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Q1 2019 NCSOFT Corp Earnings Call Transcript

May 10, 2019 / 12:00AM GMT
Release Date Price: â‚©502000 (+2.45%)
Operator

(foreign language) Good morning and good evening. First of all, thank you, all, for joining this conference call. And now we will begin the conference of the Fiscal Year 2019 First Quarter Earnings Results by NCSOFT. (Operator Instructions) Now we shall commence the presentation on the Fiscal Year 2019 First Quarter Earnings Results by NCSOFT.

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 on this earnings call for the first quarter of 2019. Let me begin my presentation with the first quarter earnings highlights.

First quarter sales was KRW 358.8 billion, a decrease of 10% quarter-on-quarter and 24% year-on-year due to less in-game item promotions for most games as key IPs including Lineage I were scheduling significant changes. Operating profit recorded KRW 79.5 billion, down 29% quarter-on-quarter and 61% year-on-year driven by softer top line performance. Pretax income dropped 8%

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