SEOUL — In a notable turnaround, NCSOFT Corp. announced its financial results for the fourth quarter, reporting a net income of 25.2 billion won ($19 million). This marks a significant recovery from a loss of 33.1 billion won in the corresponding period the previous year. The company.
According to Yonhap News Agency, recorded an operating profit of 3.9 billion won for the quarter, down from 47.4 billion won a year earlier, while sales declined by 20.1 percent to 437.7 billion won.
Despite the mixed results, the fourth quarter earnings exceeded market forecasts, with the average net profit estimate by analysts standing at 10.2 billion won, based on a survey by Yonhap Infomax. The performance indicates a positive shift in NCSOFT's financial trajectory, highlighting its ability to navigate through the challenges and improve its profitability in a competitive market landscape.