NCsoft Q4 net posts more than 11-fold increase

SEOUL, Feb. 9 (Yonhap) -- NCsoft Corp., South Korea's leading on-line game developer, said Tuesday its fourth-quarter earnings rose more than 11-fold from a year earlier.

Net profits stood at 71.22 billion won (US$60.77 million) during the three months
ended Dec. 30, compared with 6.42 billion won a year ago, the company said in a
regulatory filing.
Sales almost doubled on year to 197.28 billion won while operating profit also
logged more than a six-fold increase with 87.32 billion won, it said.
The fourth-quarter bottom line marked the highest quarterly net profit and a
fifth straight quarterly rise, according to the developer of Lineage, one of the
world's most popular on-line games.
Shares of NCsoft were trading at 128,000 won on the Seoul bourse as of 9:25 a.m.,
up 6.22 percent from Monday's close.
The company ascribed its stellar performance to the popularity of its new game
Aion among overseas users, which was introduced in North America and Europe in
September.
ygkim@yna.co.kr
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