Summoners War, Ace Fishing contribute to $73m in profit for Com2uS in 2014
Mobile games publisher cites "milestone" year with growth across the board
Korea's Com2uS announced its 2014 financial results today, reporting major growth in sales, operating profit and net profit. Totals came to 234.6 billion KRW ($215.9 million USD) in annual sales, 101.2 billion KRW ($93.1 million USD) in operating profit, and 79.2 billion KRW ($72.9 million USD) in net profit, which represents growth of 188 percent, 1,209 percent and 309 percent year-over-year, respectively.
The company's fourth quarter was also a significant boost to the bottom line with 83.7 billion KRW ($77.1 million USD) in sales, 36.2 billion KRW ($33.1 million USD) in operating profit, and 23.1 billion KRW ($21.3 million USD) in net profit, reflecting growth of 319 percent, 7,459 percent and 270 percent, respectively.
Overall, Com2uS attributed much of its success to two key titles, Summoners War and Ace Fishing, and the firm noted that its growth is largely fueled by overseas sales, which accounted for 73 percent of total sales. Overseas sales totaled 172.2 billion KRW ($158.5 million USD), representing growth of 523 percent; comparatively, domestic sales were only up 16 percent at 62.4 billion KRW ($57.5 million USD).
"2014 was about building a foundation with our know-how and showcasing our capabilities through Summoners War," stated Lee Yong Guk, CFO of Com2uS. "We're looking forward to an even bigger year as we continue to provide top-notch titles for every gamer and secure our place as a global leader in mobile games."
While 2014 was wildly successful for Com2uS, the company believes it can do even better in 2015, by giving continued attention to its existing hits, and introducing a variety of new titles throughout the year.