NHN, 2Q operating profit of 26.5 billion won...4%↑compared to last year
NHN, 2Q operating profit of 26.5 billion won...4%↑compared to last year
  • 박상인
  • 승인 2020.08.10 07:35
  • 최종수정 2020.08.07 16:31
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NHN
NHN

[Infostock Daily= Reporter Park Sang-In] Despite the new coronavirus infection(COVID19), NHN seems to be relatively good-looking.

NHN's sales in the second quarter of 2020 rose 10.6% year-on-year to 405.1 billion won, operating profit rose 4% to 26.5 billion won and net profit rose 7.8% to 18.7 billion won.

The game and advertising business sector drove the second-quarter earnings.

Game sales rose slightly to 105.5 billion won due to increased sales of PC and mobile webboard games, as well as 'Yo-kai Watch Puni Puni', 'Crusaders Quest' and 'Kingdom Story', despite the traditionally off-season.

The payment and advertising business sector rose 19.3% year-on-year to 156.9 billion won due to increased payments from online PGs of NHN Korea Cyber Payment and overseas merchants.

The commerce sector grew 36.1% on-year to 66.8 billion won on the back of the event effect on China's Accommate's major brands and NHN's highly sustained increase in online transactions.

The content sector showed similar sales in the previous quarter, but fell 18.9% year-on-year to 39.6 billion won due to a drop in Bugs sales due to intensifying competition and a drop in online ticket sales of Ticketlink due to the COVID19.

The technology sector posted 39.6 billion won in sales, up 32.3% from a year earlier, due to the expansion of its cloud business and increased sales of PNP Secure's flagship businesses.

Sales from other businesses fell 58.1% on-quarter to 2.1 billion won due to sluggish travel business following the global spread of COVID19.

In addition, NHN said its second-quarter trading volume of Payco rose 26 % year-on-year.

In the case of offline payments, the figure is up 20% from the first quarter, which slowed to COVID19, and tripled year-on-year, with the portion of offline payments expanding to 12%.

Reporter Park Sang-In si2020@infostock.co.kr

 

 

 


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