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Kakao Games-Q1 earnings

Kakao Games Q1 net profit up 54 pct on-year due to better cost management

SEOUL, May 3 (Yonhap) -- Kakao Games Corp., the gaming unit of South Korean tech giant Kakao Corp., reported Tuesday that its first-quarter net profit rose 54.2 percent on-year to 28.3 billion won (US$22.3 million) due to improved cost management.

Operating profit spiked 169.7 percent on-year to 42.1 billion won in the January-March period, while sales rose 104.7 percent to 266.3 billion won, according to a regulatory filing.

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