Korean mobile publisher Gamevil [KDQ:063080] has announced its Q2 2009 financials.
Year-on-year, sales were up 67 percent to KRW 5.4 billion ($4.3 million).
Operating income was up 188 percent to KRW 3.2 billion ($2.6 million).
Net profit was up 214 percent to KRW 2.6 billion ($2.1 million).
This means Gamevil's net profit margin on sales was an amazing 51 percent.
Compared to its Q1 2009 period, sales were up 30 percent, operating income up 74 percent, and net profit up 55 percent, demonstrating the company's growth continues to be impressive despite the current economic situation.
The majority of Gamevile's revenue is made from micro-transactions when players of its free-to-play mobile sports and role-playing games such as Baseball Superstars and HYBRID: Eternal Whisper buy virtual items.
It has also released several games on the App Store, but to date, hasn't employed micro-transactions as Apple doesn't yet permit this for free apps.
"We'll continue to grow in the later half this year with sequels of our current portfolio and new franchises released in the domestic Korean market," said CFO, Yong Kuk Lee. "Also we're planning to bring more new titles to the global open markets as our future growth strategy."
These games will include iPhone versions of HYBRID: Eternal Whisper and a sequel to its popular Zenonia RPG.
News
Contributing Editor
A Pocket Gamer co-founder, Jon is Contributing Editor at PG.biz which means he acts like a slightly confused uncle who's forgotten where he's left his glasses. As well as letters and cameras, he likes imaginary numbers and legumes.
Top Stories
News
6 hours, 30 minutes ago
Week in Views - Apple back themselves bigstyle, Clash bags Haaland and dreams come true at King
News
9 hours, 21 minutes ago
Mobile Movers: All the latest appointments and job moves from around the industry
News
10 hours, 6 minutes ago
Squad Busters has 20 million pre registrations with 30 million in its sights
News
10 hours, 28 minutes ago
Carry1st's African Cup to feature Call of Duty: Mobile tournament with $15,000 prize pool
News
6 hours, 30 minutes ago
Week in Views - Apple back themselves bigstyle, Clash bags Haaland and dreams come true at King
Feature
8 hours, 42 minutes ago
Apple and Nintendo's Delta blues: A legal timebomb or just the new normal?
News
9 hours, 21 minutes ago
Mobile Movers: All the latest appointments and job moves from around the industry
Events
GameDev Atlantic 2024 | May 4th | |
LA Games Conference 2024 | North America | May 6th |
Mobidictum Meetup Berlin May 2024 | Europe | May 7th |
Valencia Indie Summit 2024 | Europe | May 16th |
Mobidictum Meetup Tallinn May 2024 | Europe | May 21st |
Israel Mobile Summit 2024 | Middle East | Jun 6th |
WN Conference Istanbul 2024 | Jun 11th | |
DevGAMM Vilnius 2024 | Europe | Jun 14th |