$11.4 million Q3 overseas revenue for Gamevil

Gamevil, the mobile games publisher, delivered its highest ever overseas revenue in Q3 of 2013.

The company announced Q3 overseas revenues of $11.4 million, a new record for Gamevil and an increase of 108% compared to Q2 of 2013.

The highest growth was recorded in the Greater China region where 46% more growth in sales was achieved compared to the previous quarter of the year.

The overall sales figures of Gamevil saw a 26% increase to $19.6 million. Operating profit was reported at $1.8 million and net profit was reported at $1.7 million.

The operating profit and net profit declined in Q3 due to investments in third party royalties and talent acquisition.

Apart from talent acquisition Gamevil has also expanded its range of investments to include overseas expansions and equity investments and acquisitions.

On the cards are a number of new titles and these are expected to drive revenues for the company.


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