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[Alpha Biz=(Chicago) Reporter Paul Lee] KB Securities 'held' its investment opinion in Kakao Games and kept its target price at 26,000 won. He suggested that sustainable growth should be proven through the success of his new film.
On the 13th, KB Securities said, "Kakao Games' consolidated sales in the fourth quarter of last year rose 1.5% year-on-year to 239.2 billion won, and operating profit rose 57.1% to 14.1 billion won over the same period, slightly exceeding market expectations of 13 billion won."
KB Securities said, "Mobile sales rose 3.6 percent year-on-year to 157.1 billion won due to content updates by Odin, ArcheAge War and Ares led to a 0.8 percent drop in labor costs over the same period and a 32.7 percent drop in marketing costs for major titles, improving the operating profit ratio by 2.1 percentage points (p)."
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
