Seoul: DoubleU Games Co. on Wednesday reported its first-quarter net income of 45.8 billion won (US$32.3 million), marking a 24.2 percent decrease from the previous year.
According to Yonhap News Agency, the company revealed in a regulatory filing that it achieved an operating profit of 54.8 billion won for the quarter, compared to 61.7 billion won in the same period last year. Despite the drop in net income, sales experienced a slight increase of 0.9 percent, reaching 162 billion won.
The earnings figures surpassed market expectations. Analysts had projected an average net profit of 44.4 billion won, as per a survey conducted by Yonhap Infomax, the financial data arm of Yonhap News Agency.