NCsoft Makes Profit Turnaround in Third Quarter of 2006.Quarterly Consolidated Sales of KRW KRW In currencies, this is the abbreviation for the Korean Won. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 85 Billion, Consolidated Operating Income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. of KRW 17.5 Billion and Net Profit of KRW 12.8 Billion SEOUL, South Korea -- NCsoft([R]) Corporation (KSE KSE Karachi Stock Exchange KSE Kuwait Stock Exchange KSE Korea Stock Exchange KSE Kernel Scheduler Entities KSE Kill Switch Engage (band) KSE Kuat Systems Engineering (Star Wars) :036570.KS): Note: 1USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. = 937 Korean Won (KWN KWN Kid Witness News (video education program) KWN Keep with Next (desktop publishing) KWN Kiplinger Washington Newsletter ) NCsoft([R]) Corporation (KSE:036570.KS) today announced third quarter 2006 sales of KRW (Korea Won) 85 billion (US$90.1 million), operating income of KRW 17.5 billion (US$18.7 million) and net profit of KRW 12.8 billion (US$13.7 million), all on a consolidated basis. Compared to the previous quarter, sales decreased 1% while operating income rose 944%. The company reported a turnaround in net profit from the previous quarter, an increase of 16.4% excluding the Q2 Auto Assault([R]) write-off of KRW 11.2 billion. The results were due to brisk sales of the world's leading MMORPG (Massively Multiuser Online Role Playing Game) A role playing game on the computer played by many people. An MMORPG differs from a regular computer role playing game because its environment is perpetual. franchise Lineage([R]), Lineage II and City of Heroes([R])/City of Villains([R]) that beat market expectations and a decrease in operating costs such as labor and marketing. By region, domestic sales amounted to KRW 53.9 billion (US$57.5 million), up 2% from the previous quarter thanks to the continued popularity of Lineage and Lineage II. North America and Europe recorded sales of KRW 15.8 billion (US$16.9 million) and KRW 6.1 billion (US$6.5 million), respectively. In Japan, steady sales of the Lineage series, buoyed by an increase in the number of users of Lineage II and the Chronicle 5 update in September, led to sales of KRW 9.1 billion (US$9.7 million), up 22% q-q. The percentage breakdown of regional sales shows Korea with 57% of total sales followed by North America with 19%, Europe with 7% and Japan with 11%. Overseas royalties amounted to 6%. Meanwhile, the percentage breakdown of sales by game titles shows Lineage and Lineage II with 36% and 35%, respectively, followed by City of Heroes/City of Villains with 9% and Guild Wars([R]) with 14%. NCSoft CFO See Chief Financial Officer. Lee Jae-ho said, "The company's accumulated earnings up to the third quarter exceeded its initial projection. Therefore, we are revising our 2006 earnings outlook upward to KRW 339 billion (US$361.8 million) in sales from the previous forecast of KRW 330 billion (US$352.2 million). The projection for operating income is upgraded to KRW 39 billion (US$41.6 million) from KRW 20 billion (US$21.3 million). The revision reflects the ongoing success with our game titles and the positive effects we've seen from the company's cost controls." On October 27, NCsoft carried out a simultaneous global launch of the third campaign in the Guild Wars franchise, Guild Wars Nightfall Guild Wars Nightfall is a fantasy MMORPG and the third stand-alone campaign in the Guild Wars computer game series developed by Seattle-based game developer studio ArenaNet, a subsidiary of NCSoft corporation. ([TM]). This week, NCsoft is showcasing for the first time in Korea its hugely anticipated MMORPG project, Aion([TM]). The game is being shown at G-star, Korea's largest game exhibition. Early public testing for the game is slated to begin within the year. Additionally at G-star, NCsoft is showing off another new project, ATrix([TM]). Testing for that game is slated to begin in the next two months. About NCsoft Corporation Headquartered in Seoul, South Korea, NCsoft Corporation is the world's leading developer and publisher of online games. Founded in 1997, NCsoft is home to Lineage, the world's most successful online role playing game See CRPG. and also to Lineage II, City of Heroes and City of Villains, Guild Wars, Guild Wars Factions Guild Wars Factions is a computer game released in 2006 by ArenaNet and is the first stand-alone campaign expanding on Prophecies, the original Guild Wars game. Factions introduces the player to the continent of Cantha where two warring factions, Luxon and Kurzick, battle for ([TM]), Guild Wars Nightfall and Auto Assault. In coming months, NCsoft is poised to launch other massively multiplayer titles including Tabula Rasa([TM]) and Aion in addition to various casual games via its game portal, PlayNC([R]). NCsoft has offices in North America, the United Kingdom, Japan, Taiwan, China and Thailand. In fiscal year 2005, NCsoft posted revenues of KRW 338 billion. For more information about NCsoft visit http://www.ncsoft.com or http://www.PlayNC.com. NCsoft, the interlocking interlocking /in·ter·lock·ing/ (-lok´ing) closely joined, as by hooks or dovetails; locking into one another. interlocking Obstetrics A rare complication of vaginal delivery of twins; the 1st NC logo, Lineage, Guild Wars, Guild Wars Factions, Guild Wars Nightfall, ArenaNet, Auto Assault, Tabula Rasa, Aion, ATrix, PlayNC, PlayNC.com and all associated logos and designs are trademarks or registered trademarks of NCsoft Corporation. City of Heroes, City of Villains and all associated logos and designs are trademarks or registered trademarks of Cryptic Studios, Inc. and NCsoft Corporation. Cryptic Studios is a trademark of Cryptic Studios, Inc. All other trademarks are the property of their respective owners. |
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