Today NEXON, Ltd. ($NEXOF) announced its financial results for the fourth quarter of fiscal year 2020 ending December 31, 2020.
For the fiscal year ended December 31, 2020, the Company achieved a full-year revenue record despite a decrease in revenue from the China market, thanks to the major mobile business franchises that grew significantly and the strategy previously effectively planned and applied.
It is the highest revenue growth result recorded since the Company went public in 2011.
- Record-high full-year revenue ¥293,024 mln, +17.9% YoY
- Operating income of ¥111,450 mln, +17.9% YoY
- Income before income taxes of ¥108,171 mln, -11.3% YoY
- Net income of ¥56,220 mln -51.4% YoY
The exchange on cash deposits in foreign currency generated a decrease in financial income and an increase in financial costs.
Income taxes increased from year to year due to the deferred tax liabilities on undistributed profits of the foreign subsidiary in the fiscal year ending December 31, 2020.
Revenue distribution
- Korea +98%
- Japan +12%
- N.America & Europe +134%
- Others +85%
MapleStory and FIFA Online 4 are top of best-selling titles.
The Company expects to decrease or to be flat in the next quarter compared with the quarter on an annual basis, due to the increase in costs.
Other revenues decreased due to the comparison with the fiscal year 2019, when the Company recorded a gain on the gradual acquisition related to the consolidation of Embark Studios AB.
Life is all enclosed in emotions. One of these is certainly the satisfaction of making something that other people like: this is my pleasantness. My main professional attitude is to optimize, improve management and business processes, applications, services. In short words, Web | Tech | Projects Specialist Consultant.
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