NCSOFT Q1 net income down 32.2 pct to 114.2 bln won

NCSOFT-Q1 earnings

NCSOFT Q1 net income down 32.2 pct to 114.2 bln won

SEOUL, May 10 (Yonhap) -- NCSOFT Corp. on Wednesday reported its first-quarter net income of 114.2 billion won (US$86.2 million), down 32.2 percent from a year earlier.

Operating income for the January-March period was 81.6 billion won, down 66.6 percent from a year ago, the company said in a regulatory filing. Revenue fell 39.4 percent to 478.8 billion won.

The earnings beat market expectations. The average estimate of net profit by analysts stood at 32.1 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.

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