Netmarble Reports Q3 Net Income Turnaround, Missing Market Expectations.

SEOUL: Netmarble Corp. on Thursday reported its third-quarter net income of 20.6 billion won (US$14.8 million), marking a significant turnaround from a loss of 28.4 billion won a year earlier. Operating income for the July-September period was 65.5 billion won, compared with a loss of 21.9 billion won a year ago, as detailed in a regulatory filing by the company. Sales saw a modest rise of 2.6 percent, reaching 647.3 billion won. According to Yonhap News Agency, the earnings, despite showing improvement, fell short of market expectations. Analysts had anticipated a net profit of 51.7 billion won, based on a survey conducted by Yonhap Infomax, the financial data arm of Yonhap News Agency.