Com2uS' profit for the third quarter increased by three thousand percent
Korean gaming companies continue to surprise with significantly increased revenues. Com2uS reported on the third financial quarter, which ended on September 30, 2014 for the Korean mobile game publisher.
The company's revenue amounted to $84.6 million, which is 102% more than the results for the previous quarter of this year, and 438% more compared to the same reporting period in 2013.
Net profit reached $39.9 million, which is 192% more than in the previous quarter, and 3165% (!) higher than in the third quarter of 2013.
International sales increased by 806% and accounted for 80% of the company's total revenue.
The main market for the company's products is Japan, Taiwan and Hong Kong (60%), as well as North America and Europe (20% and 15%, respectively).
According to our colleagues from PocketGamer, the key components of success are the titles Summoners War and Ace Fishing.
Let's add that Com2uS has been owned by Gamevil since 2013. There is no information in the financial report whose merit is such a serious increase in indicators.
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Com2us is a South Korean company that publishes and publishes mobile and online games. It was founded in 1998. In 2013, Gamevil acquired the company for approximately $65 million.
