Feb
16

Gamevil rides high on best ever figures

It is fair to say that 2010 was an excellent year for Gamevil, the South Korean mobile games publisher.

The company broke all previous records while chalking up sales of about $23.5 million, an increase of 17% from the previous year. The operating income of the group rose 14% to $13.8 million and the net profit at the end of the year rose by 25% to $12 million.

As per Gamevil, the fuel for the growth in 2010 was provided by huge sales for franchises like Zenonia and Baseball Superstars and the sales of new games like Illusia and Soccer Superstars. Virtual sales items, which account for 47% of Gamevil’s revenue, did consistently well in 2010.

The publisher also profited from the sales outside South Korea through Apple App Stores and the Android market. The company is all geared up to introduce 22 new games in 2011 with special emphasis on smartphone and social gaming.

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