GAMEVIL (KOSDAQ: 063080) achieved sales growth of 14% in the third quarter of 2010 compared to the same quarter last year, and continues its growth. Sales, operating income and net income were 6.60 billion KRW, 3.39 billion KRW, and
3.15 billion KRW, with a year on year increase of 14%, 6%, 11% accordingly.
Sales, operating income, and net income of the first three quarters of this year are 19.62 billion KRW, 10.46 billion KRW, and 9.92 billion KRW which is 28%, 28%, 38% increase compared to the same period last year.
3rd quarter sales were led by successful franchises like ZENONIA 3 and Baseball Superstars 2011 in the domestic market. GAMEVIL continues to maintain high profit margin due to its successful franchises, virtual goods sales and expansion to multi-platforms.
"We’re aggressively expanding to multiple platforms including feature phones, smartphones, tablets, portable gaming devices as the landscape is rapidly changing." said Yong Kuk Lee, Chief Financial Officer. "We’ll continue to grow and maintain our high profit margin by pursuing these new opportunities."
GAMEVIL plans on launching more smartphone titles in the domestic as well as global markets, and is also preparing to launch its first web social network game later on this year.
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