Krafton’s Q2 Net Income Declines 33.8% to 128.5 Billion Won


SEOUL, Aug. 9 (Yonhap) — Krafton Inc. reported on Wednesday that its second-quarter net income was 128.5 billion won (US$97.6 million), a decrease of 33.8 percent from the same period last year.

The company said in a regulatory filing that its operating profit for the quarter was 131.5 billion won, compared to 165.8 billion won during the same time last year. Revenue also dropped 8.6 percent to 387.1 billion won.

The earnings were higher than analysts’ expectations. The average forecast of net profit by analysts was 104.6 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.

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