NCSOFT shifts to black in Q4

SEOUL, NCSOFT Corp. on Wednesday reported its fourth-quarter net income of 25.2 billion won (US$19 million), turning from a loss of 33.1 billion won a year earlier.The company said in a regulatory filing that it posted 3.9 billion won in operating profit for the quarter, compared with 47.4 billion won a year ago. Sales fell 20.1 percent to 437.7 billion won.The earnings beat market expectations. The average estimate of net profit by analysts stood at 10.2 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.Source: Yonhap News Agency