May
11

Gamevil posts Q1 results with net profit of 2.3 million

As its smartphone sales increased by 211% the growth of Korean mobile games publisher Gamevil was also fuelled.

The company has posted Q1 revenues of $5.9 million with a net profit of $2.3 million. As per the publisher, the consolidated overseas revenue was up 37% year on year while its smartphone revenues went up by 211%.

As per CFO and EVP Yong Kuk Lee, the company is looking forward to further growth coming from overseas and smartphones. The major growth will happen from new titles like Air Penguin that is expected to reach the number one spot on Apple’s App Store and also from sequels of Baseball Superstars and Zenonia coming for both Android and Apple devices.

Along with all this, Gamevil has continued its expansion in the social games front with games like Chalk’n’Talk and Train City apart from Baseball Superstars. They are working with external developers to work on these social games.

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