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Continued strong Korean sales propels Com2uS' Q3 FY12 net income up 483% to $6.8 million

Homegrown growth story

Continued strong Korean sales propels Com2uS' Q3 FY12 net income up 483% to $6.8 million
By Jon Jordan
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Korean mobile game publisher Com2uS (KOSDAQ: 078340) has announced its Q3 financial results for the three months ending 30 September 2012.

Revenue was a record 22.4 billion KRW (around $20.2 million), up 146 percent year-on-year.

Net income was even more impressive: up 483 percent to 7.5 billion (around $6.8 million) KRW.

Big in Korea

The company said this performance was down to the sales of titles such as Tiny Farm and Derby Days in Korea, and more generally old favourites such as its baseball franchises ProBase, 9 innings and Homerun Battle.

Com2uS' sales in Korea were up 292 percent year-on-year, compared to a rise of 48 percent for international sales.

During the quarter, it released 3 games on iOS, 10 on Android and 6 on SK Telecom's Tstore.

It expects to release 6 iOS games, 13 Android games and 8 games on Tstore in the final three months of 2012.

[source: Com2uS]

Jon Jordan
Jon Jordan
A Pocket Gamer co-founder, Jon can turn his hand to anything except hand turning. He is editor-at-large at PG.biz which means he can arrive anywhere in the world, acting like a slightly confused uncle looking for the way out. He likes letters, cameras, imaginary numbers and legumes.