NHN Enjoys 19.6% Growth in Operating Profit in 2Q

SEOUL, KOREA- Naver and NHN Entertainment jointly announced that NHN posted sales of 722.6 billion won, operating profit of 194.2 billion won, and net profit of 122.7 billion won for the second quarter of this year, thanks to hikes in global sales.Year on year, sales grew by 26.3 percent, while operating and net profits by 19.6 percent and 7.5 percent, respectively. NHN’s second-quarter sales consisted of search ads (46%), games (21%), LINE (15%), display ads (12%) and others (6%).

The growth in NHN’s second-quarter results is attributable mainly to the increases in its overseas sales, including those of LINE.

Its overseas sales amounted to 199.1 billion won, accounting for 28 percent of NHN’s total sales. The overseas sales grew by 107.4 percent year on year and 30 percent compared to a quarter ago. The share of overseas sales in total sales grew by 11 percentage points from a year ago and 5 percentage points compared to a quarter ago. Domestic sales also grew to 523.5 billion won, up 10 percent from a year ago and 0.6 percent from a quarter earlier.