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[Alpha Biz=(Chicago) Reporter Kim Jisun] Wemade Play announced on the 5th that its consolidated sales fell 12.4 billion won year-on-year to 121.7 billion won last year. In addition, operating loss was 800 million won and net profit was 6.1 billion won.
Sales in the fourth quarter of last year fell 3% year-on-year to 31.3 billion won. Operating loss was 300 million won and net profit was 4 billion won.
"Among annual and quarterly earnings, sales declined due to the absence of new products, operating profit declined due to increased investment, including the establishment of development subsidiaries and the development of the artificial intelligence (AI) sector, and the increase in net profit reflected equity method profits and financial profits," WeMade Play said. "We will launch the largest new global-oriented products through our own studios and subsidiaries this year, including five in the first half and two in the second half."
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
