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March 12, 2003 03:51 pm ET - research by NC
NCsoft Records KRW 154.8 Billion |
Lineage Tournament is *finally* leaving Korean test servers. More news and screenshots on this, later today ^^
Seoul, South Korea, February 13, 2003—NCsoft™ Corporation (President & CEO Tack Jin Kim) reported record-breaking revenues of KRW 154.8 billion for year 2002, the highest ever recorded in the local game industry, thus continuing a steady growth-path since its establishment in 1997. Net profits stood at KRW 53.1 billion, with recurring profit and operating profit at KRW 56.8 billion and KRW 77.1 billion respectively. Overseas royalty earnings were posted at KRW 21.8 billion, marking a remarkable increase of over 135% on the previous year’s KRW 9.3 billion.
NCsoft’s CFO Hong Heo commented, “Our company was able to maintain favorable growth last year amid the systematic slump of the local industry thanks to the breakthrough expansion of the online game market. This year we will strengthen our internal capabilities and give added momentum to our current ongoing projects to set the stage for a second growth spurt. We have set our projected revenue at a conservative KRW 180 billion.”
By the second half of next month, NCsoft will open “Lineage Tournament”, the world’s first MMORPG-based combat game on regular servers, followed by a rollout of a new series of Lineage episodes sometime in summer, as part of ambitious plans to continue the flagship Lineage game’s immense popularity. Moreover, as this year will see a serious advance into the Chinese market as well as the launch of local commercial services for the prequel Lineage II, the growth potential of NCsoft is expected to emerge at a heightened level. |
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March 12, 2003 03:58 pm ET (#1)
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