Netmarble’s operating profit increased by 34% last year to 272 billion won…annual sales of 2.484.8 billion won
500 Large Companies> Games and Internet | 2021-02-10 18:07:48
Netmarble (CEO Kwon Young-sik and Lee Seung-won) announced on the 10th that in 2020, annual sales increased 14.0% year-on-year to KRW 2.484.8 billion, and operating profit rose 34.2% year-on-year to 272 billion KRW.
During the same period, net income increased 99.4% to 338.5 billion won. As Big Hit Entertainment, which Netmarble owns, is listed, equity-method gains in the fourth quarter were reflected in non-operating profits and net profit improved significantly.
Netmarble explained that both sales and operating profit grew with the expansion of the service area of existing games in 2020 (Seven Deadly Sins: Grand Cross Global, Blade & Soul Revolution Asia, etc.) and the successful launch of new titles such as Seven Knights 2 and A3: Still Alive. .
Sales in the fourth quarter were 6239 billion won, down 2.9% from the previous quarter, but increased by 12.4% from the same period last year. Operating profit was 82.5 billion won, a 5.6% decrease from the previous quarter and a 61.4% increase from the same period last year. With the successful launch of Seven Knights 2, domestic sales increased, but operating profit decreased due to a decrease in overseas sales.
Overseas sales accounted for 72% of total sales at KRW 1.7909 trillion per year in 2020, and increased by 23.3% compared to the previous year, increasing the global share.
Netmarble launched’Seven Deadly Sins: GRAND CROSS’ in major global markets such as North America in March last year, and popular games such as’Marvel Contest of Champions (Kabam)’,’Lineage 2 Revolution’, and’Blade & Soul Revolution’. He explained that he showed consistently good appearance.
Netmarble’s mobile collectible MMORPG’Seven Knights 2′, which was launched in November, is also continuing a good trend to take the top 3 sales in the Google Play Store and Apple App Store.
Netmarble CEO Kwon Young-sik said, “The new year of 2021 is a meaningful year for a new start in the new headquarters’G Tower’.” In particular, “Second Country”, “Marvel Future Revolution”, and “Seven Knights Revolution”, etc. It will be an opportunity to strengthen global game competitiveness as it is introduced.”
Meanwhile, Netmarble announced that it has decided to pay a dividend of 767 won per share as the settlement dividend in 2020. The total dividend amount is about 62.8 billion won, with a market price dividend of 0.6%. Netmarble did not pay dividends after paying a dividend of 360 won per share in 2017, but resumed its dividend after three years.
In this regard, Netmarble Executive Vice President Do Ki-wook said in a conference call for announcing the failure on the day, “We bought treasury shares from 2018 to 2019, and in 2020, we decided to pay dividends in cash.” We plan to pay dividends within the range of 30% excluding profits and losses.”
[CEO스코어데일리 / 최은수 기자 / [email protected]]
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