Com2uS Holdings turned to deficit in the second quarter due to early sluggishness of 'Genonia'

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stockmk2020@alphabiz.co.kr | 2023-08-04 03:00:30

 

 

[Alpha Biz=(Chicago) Reporter Kim Jisun] Com2uS Holdings turned to the red again in one quarter after it succeeded in turning into a surplus.

Although the game business did well, the marketing cost of the new multi-access role-playing game (MMORPG) "Zenonia" was reflected. Com2uS Holdings expects to show improved performance in the second half of the year, when Zenonia's performance is reflected.

Com2uS Holdings announced on the 3rd that it turned into a deficit with an operating loss of 12.4 billion won in the second quarter. Sales rose 12 percent on-year to 32.3 billion won, but operating costs surpassed sales. The amount of operating losses also increased 665.3% year-on-year due to the widening deficit.

Looking at sales by sector, business profits rose 22.1% year-on-year to 32.2 billion won, leading to sales growth.

On the other hand, the return on investment in related companies, which led Com2uS Holdings to a surprise surplus in the first quarter, plunged. Due to the influence of major investment companies' earnings accessories, it plunged 94.3% year-on-year and 98.8% quarter-on-quarter to 100 million won.

Com2uS Holdings' operating cost in the second quarter was 44.7 billion won, up 46.7% from a year earlier. Marketing costs increased 403.4% year-on-year to 12.3 billion won, and the proportion of total operating costs increased from 5% to 38%. Com2uS Holdings explained that the profit and loss index was sluggish as it spent 10 billion won on marketing with the launch of Zenonia.

Royalty and payment fees also rose 39.4 percent and 29.5 percent, respectively, on the back of strong game business during the same period. On the other hand, labor costs were 11.8 billion won, down 8.6% from the same period last year.

 


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