Korean mobile games publisher Gamevil (KDQ:063080) has announced its financials for the 12 months ending 31 December 2012.
Full year sales were 70.2 billion KRW ($66 million), up 64 percent year-on-year, thanks to the strong performance of the domestic Korean market, which was driven by Google Play, carrier app store and the mobile social network KakaoTalk.
Net income was 22.4 billion KRW ($21 million), up 39 percent.
Big quarter
Looking at its Q4 figures, sales were a record 21.9 billion KRW ($20.6 million), up 32 percent year-on-year.
Net income was 6.5 billion KRW ($6.1 million), up 12 percent .
Gamevil pointed to its ability to expand from key RPG, strategy and action genres, with games such as Fishing Superstars and Punch Hero performing well in the sports genre.
Gamevil's third party publishing division also boomed in 2012, generating 31 billion KRW ($29 million), up 211 percent year-on-year.
During the year, Gamevil released 11 internally-developed games, and 32 third party games, boosting its historic download total to over 220 million.
Looking good
Looking forward to 2013, Gamevil expects to release at least 50 titles, predicting sales of 100 billion KRW ($94 million), up 42 percent compared to 2012. It expect to grow international sales by 79 percent.
Net income is predicted to be 26.7 billion KRW ($25 million), up 19 percent on 2012's figures.
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
3 hours, 4 minutes ago
Stumble Guys dev Kitka Games soft-launches new mobile title Battle Guys: Royale
Feature
3 hours, 44 minutes ago
53 top mobile games in soft launch: Squad Busters, Battle Guys: Royale, Plants vs. Zombies 3, LEGO Hill Climb Adventures, and more
Feature
May 13th, 2024
Hot Five: Dubai's new Gaming Visa, April's mobile game charts, and Xbox studio closures
Events
Valencia Indie Summit 2024 | Europe | May 16th |
Mobidictum Meetup Berlin May 2024 | Europe | May 16th |
Digital Dragons | Europe | May 19th |
GamesBeat Summit 2024 | North America | May 20th |
Mobidictum Meetup Tallinn May 2024 | Europe | May 21st |
Nordic Game Spring 2024 | Nordic | May 21st |
Impact 2024 - Indie Games | May 23rd | |
MomoCon 2024 | North America | May 24th |