SEOUL, KOREA - Neowiz Games announced on May 14 that it revealed its first-quarter results on the basis of the K-IFRS consolidated financial statements.Compared to a quarter ago, sales fell 1 percent to 66.1 billion won but operating profit jumped 98 percent to 17 billion won. Net profit also skyrocketed 309 percent to 8.5 billion won.
Overseas sales stood at 33.5 billion won, up 2 percent from a quarter ago, accounting for 51 percent in its total sales. Domestic sales fell 4 percent to 32.6 billion won.
The growth in overseas sales reflected the stable royalty income it gained from the Cross Fire in China and the A.V.A. which enjoyed popularity in Taiwan and Japan. Domestic sales fell due to tightened regulations on web board games.
Neowiz Games plans to launch a Facebook-dedicated management game Total Football Soccer in Thailand, while starting an open service for its shooting game Diesel in Indonesia.
