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[Alpha Biz=(Chicago) Reporter Paul Lee] Korea Investment & Securities pointed out on the 16th that NCsoft is continuing to see a decline in sales of existing games amid the absence of new games. Existing investment opinions have also been lowered from 'buy' to 'neutral'.
"Sales of 420.9 billion won and operating profit of 1.9 billion won in the third quarter of last year are expected to fall below the market consensus," said Korea Investment & Securities. "The figure decreased by 23.2% and 95.9%, respectively."
Korea Investment & Securities said, "We expect mobile game sales to be 266.8 billion won, down 30% from the same period last year. Lineage M's daily sales remain solid at 1.25 billion won, while Lineage 2M and Lineage W are expected to be similar to the previous quarter due to event effects."
Korea Investment & Securities added, "The total operating cost is 419 billion won, down 16.3% during the period, and marketing costs are expected to increase from the previous quarter due to the launch of Project TL."
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
