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May 21, 2018

Nexon logs record-high earnings in Q1

PUBLISHED : May 10, 2018 - 16:23

UPDATED : May 10, 2018 - 16:23

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[THE INVESTOR] Online gaming firm Nexon on May 10 reported record-breaking quarterly performance for the first three months of 2018 on the back of strong overseas market sales.

Operating income soared 38 percent on-year to 541.3 billion won (US$504.40 million) in the January-March period, and sales jumped 21 percent to 895.3 billion won, the company said in a regulatory filing.

The strong results for the first quarter were due to the sound performance of the company’s mobile games business in foreign countries, including China and North America.

Revenue from overseas markets came to 701.5 billion won, or 78.5 percent of the total, in the cited period.

By Song Seung-hyun and newswires (ssh@heraldcorp.com)

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