Doubleugames swings to red in Q3

Doubleugames-Q3 earnings

Doubleugames swings to red in Q3

SEOUL, Nov. 9 (Yonhap) -- Doubleugames Co. on Wednesday reported its third-quarter net loss of 6.5 billion won (US$4.7 million), swinging from a profit of 43.2 billion won a year earlier.

The company said in a regulatory filing that it posted 47.9 billion won in operating profit for the quarter, compared with 48.1 billion won a year ago. Revenue rose 6.1 percent to 160 billion won.

The loss was 77.9 percent lower than the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.

(END)

(C) Yonhap News Agency. All Rights Reserved