NC-Q1 earnings
NC Q1 net income up 306.4 pct to 152.4 bln won
SEOUL, May 13 (Yonhap) -- NC Corp. on Wednesday reported its first-quarter net income of 152.4 billion won (US$102.2 million), a surge of 306.4 percent from a year earlier.
The video game developer and publisher said in a regulatory filing that it posted 113.3 billion won in operating profit for the quarter, compared with 5.2 billion won a year ago. Revenue also rose a solid 54.7 percent to 557.4 billion won.
The company's earnings exceeded market expectations. The average estimate of net profit by analysts stood at 82.8 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.
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