South Korea’s social casino game developer DoubleUGames said its operating profit rose 16.5 percent in the second quarter on-year.
The company recorded 40.3 billion won ($34.30 million) in operating profit and 129.9 billion won in sales, up 9.4 percent. These figures were record-high quarterly figures in three years. The net income, however, fell 9.3 percent to 29.9 billion won from a year ago.
The sales of DoubleU Casino, the company’s signature game, was up 7.4 percent while DoubleDown Interactive’s DoubleDown Casino rose 10 percent from a year ago. DoubleU acquired DDI in June 2017 for $825 million -- the largest overseas purchase by a Korean game company.
Established in April 2012, the firm has developed and distributed software for online and mobile-based games. It, particularly, has focused on the development of social casino games, such as DoubleU Casino, which are available in 120 countries across the world.
By Park Ga-young (email@example.com)