Neowiz Games Reports 27% Jump in Q1 Profit

Neowiz Games has come a long way. Neowiz Games impressed the industry with a profit of 16.3 billion Won (approx. US$ 12.6 million) in the first quarter of 2009, a whopping 145% increase over the 6.7 billion Won (approx. US$ 5 million) it earned during the same period in 2008 and a 27% increase from the previous quarter. Revenue has risen 15% to 58.3 billion Won (approx. US$ 44.9 million) from the previous quarter.

The company is attributing the overall rise to the increasing profitability of its blockbuster sports and FPS games such as FIFA Online 2, Slugger, Special Force, and A.V.A as well as its international businesses.

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