South Korean publisher Gamevil (KDQ:063080) has announced its FY11 figures for the 12 months ending 31 December.
Annual sales were 42.6 billion KRW (around $36.7 million), up 39 percent year-on-year.
Net income was 16.1 billion KRW, (around $14 million), up 9 percent.
The company said these best-ever figures demonstrated its successful strategy of targeting the global, smartphone market.
It accounted for 73 percent of revenues.
Wide horizon
Sales outside of Korea grew by 106 percent, with internally developed games such as Zenonia 4 and Baseball Superstars 2012 highlighted. 36.7
During 2011, Gamevil also announced its $10 million developer fund, with titles published from third parties studios such as Air Penguin (Enterfly) and Cartoon Wars (BLUE) topping sales charts.
"Having bested our records again, year-over-year, is especially meaningful as we face changing trends in the market," said Yong Kuk Lee, Gamevil's CFO.
"As smartphone adoption continues to grow worldwide, Gamevil will continue to bring entertaining, innovative and more social game experiences to our audience."
More to come
During Q4, Gamevil had sales of 16.5 billion KRW (around $14 million), up 65 percent.
Net income of 5.8 billion KRW (around $5 million), up 44 percent.
With 40 games planned for release in 2012, the company projects a 58 percent increase in 2012 sales to around $56 million (65 billion KRW)
[source: Gamevil]
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
May 31st, 2024
Week in Views - Squad Busters goes global, broken app stores, and Hill Climb Racing gets the LEGO treatment
News
May 31st, 2024
Mobile Movers: All the latest appointments and job moves from around the industry
Events
Indie Game Fest & Indie Campus 2024 | Europe | May 31st |
Indie Craft K-Game Festival 2024 | Europe | May 31st |
BostonFig Online 2024 | Jun 1st | |
GameSummit Summer 2024 | Jun 1st | |
Gotland Game Conference 2024 | Nordic | Jun 3rd |
Games Mental Health Summit 2024 | Europe | Jun 3rd |
Dev Play Conference 2024 | Europe | Jun 3rd |
Tribeca Games Festival 2024 | North America | Jun 5th |