Increased labor costs in new spaces, Netmarble 2Q08

Netmarble 2Q operating profit was found to decline 80.2% YoY. With a decrease in sales by domestic and overseas new spaces, operating costs have a high level of operating profit, maintaining a level similar to the increase in labor costs due to the increase in sales of salaries in the second quarter.

Netmarble announced its 2Q earnings on 11th. In this quarter, Netmarble recorded sales of W572.2bn, operating profit of W16.2bn, and net profit of W48.2bn. Sales fell by 15.8% from the previous year, and operating profit was 80.2%, and net profit was 43.3%.

In the second quarter of last year, netmarble has increased by existing sales of existing overseas sales. However, this quarter has won 17.4% from W4.24.6 billion, and domestic sales decreased by 10.9% from the previous year. In the second country, it did not affect the entire second quarter because it was released on June 10.

For this quarter, Netmarble explained that it has recorded a sluggish earnings due to marketing expenses and labor costs due to new production launches. However, the cost of operating costs in the second quarter of this year, reduced by 7.1% from W561bn (W6.04bn) last year (6.04 billion won) last year. In the second quarter, the increase in operating costs, the increase of more than a previous year, is labor costs with an increase in employees, and the growth rate is 17.8%.

Comparosally, the increase in sales is reduced, and the cost of labor costs and marketing costs are analyzed as a level similar to the same period in the previous year, and the recent profit is significantly reduced.

In the second half of the year, Netmarble plans to strengthen global market competitiveness through Marble Future Revolution Global Launches and Social Casino Game Socials' acquisitions. Marble Future Revolution launches on August 25th, excluding China and Vietnam in more than 240 countries. Netmarble Developer is a second collaboration game of Netmarble and Marvelized Netmarble Monster.

In addition, Seven Knights Revolution, BTS Dream (Gaseous), scheduled to launch new work, including Mugikkuya Island. It is also planning to show the global market (excluding China) in November 2, which was launched in Korea last November.

The recently determined spinx is the Global Mobile Social Casino Game Games 3rd largest enterprise. For this, Netmarble is expected to contribute to its casual game lineup expansion and strengthening business competitiveness.

The Netmarble Kwon Young-sik said, After the second quarter, the second half of the second country, in the second half of the second half of the global market, including Marble Future Revolution, which is ahead of the launch of the global 240 countries, and various genres games are available, I think that the global market competitiveness will be strengthened in addition to Global Market.