Kakao's Q1 profit drops nearly 65% to KRW 10.9 bln

Thursday 12 May 2016 | 11:06 CET | News
South Korean mobile messaging services provider Kakao's consolidated revenue for this year's first quarter amounted to KRW 242.5 billion, with KRW 21.1 billion in operating income. The company also posted strong growth in the mobile sector, with 63 percent of its overall revenue coming from the mobile businesses. Revenue from games rose 23.3 prcent quarter-on-quarter to a record KRW 70.3 billion, the company said. Operating income for the first quarter increased 2.3 percent quarter-on-quarter to KRW 21.1 billion, and net income for the quarter was KRW 10.9 billion, down from KRW 30.8 billion

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Categories: Mobile & Wireless
Companies: Kakao
Countries: Korea, Republic of
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