Gamevil announces record FY13 sales up 16% to $76 million

Kakao is eclipsed as international sales rise to 57%

Gamevil announces record FY13 sales up 16% to $76 million

Korean mobile games publisher Gamevil (KDQ:063080) has announced its FY13 financials for the 12 months ending 31 December 2013.

Sales were $76.4 million (KRW 81.2 billion), up 16 percent year-on-year.

Net profit was $13.2 million.

A key driver of Gamevil’s performance was international sales, which grew up 68 percent and now account for the majority of sales (57 percent).

This is significant as during 2012, the domestic Korean market was the most important region for Gamevil thanks to the rise of Kakao as a social gaming and distribution platform.

Successful titles included Monster Warlord, Fishing Superstars and Dark Avenger, while Zenonia Online did well in Korea.

Big year coming

For 2014, Gamevil predicts sales of $113 million (KRW 120 billion); something that will be underpinned by more than 30 game releases.

These will include franchise sequels such as Dynasty Warlord, Legend of Master Online, and Dark Avenger 2, and the global launch of Zenonia Online.

That said at the start of 2012, the company had hoped to hit KRW 100 billion in 2013.

Gamevil says it also plans to collaborate with the recently acquired Com2uS to create a global mobile games platform that combines the existing Gamevil Circle and Com2uS Hub services.

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