14 DAY TRIAL // Ncsoft Corporation has recently announced financial results for the quarter ending September 30, 2005. Based on consolidated financial statements, total revenues rose to US$84.1 million, up 10% from US$76.3 million in the previous quarter. Operating profit was US$22.2 million, up 34% US$16.4 million in the second quarter and ordinary income was US$23.4 million, an increase of 32% from US$17.8 million in Q2. Net profit was US$19.5 million, up 57% from US$12.3 million during the previous quarter.
Breaking out revenues by product showed Lineage, Lineage II, City of Heroe and Guild Wars at 35%, 36%, 8% and 21% respectively. Lineage revenues were at KRW 28.2 billion, Lineage II at KRW - 26.9 billion and City of Heroes KRW - 6.4 billion. Guild Wars, which was successfully launched in both North America and the European Union during Q2, sold more than one-million copies in less than five months and brought in revenues of KRW 17.0 billion with its high sales volume.
Operating profit of KRW 23.2 billion was 34% higher than the operating profit in the second quarter. Examining closely by region, the success of Guild Wars sales created a surplus for financial statements in Europe and North America. Lineage and Lineage II sales in Korea and Japan continued to increase as well.
NCsoft, for the first time in the Korean games industry, reported its quarterly numbers in the form of consolidated financial statements beginning in Q2 of 2005. The consolidated reports combine the activities of subsidiaries such as NCsoft North America, NCsoft Europe, ArenaNet and NCJapan. Revenues from operations in China, Taiwan and Thailand are regarded as royalty profit from overseas.