Devsisters announced on the 10th that its preliminary consolidated operating profit for the third quarter of this year was recorded at 7.24 billion won, turning to profit both year-on-year and quarter-on-quarter.

In the third quarter of last year, the company posted an operating loss of 729 million won, and in the second quarter of this year, it also recorded an operating loss of 15.975 billion won. Third-quarter revenue came to 81.172 billion won, up 47.92% year-on-year and 54.12% quarter-on-quarter.

Profit before corporate tax from continuing operations was 3.71 billion won, up 125.02% year-on-year and turning to profit quarter-on-quarter. Net income for the period was 3.697 billion won, an increase of 125.53% year-on-year and a return to profit quarter-on-quarter. Net income attributable to owners of the parent company also rose 118.03% year-on-year to 3.476 billion won, turning to profit quarter-on-quarter.

Accumulated Performance for This Year Still in the Red

However, the cumulative performance for the first through third quarters of this year remained in deficit. Cumulative revenue stood at 192.312 billion won, down 18.49% year-on-year.

Cumulative operating loss was 26.108 billion won, a swing into the red from an operating profit of 18.788 billion won in the same period last year. Over the same period, the cumulative loss before corporate tax from continuing operations was 26.201 billion won and the cumulative net loss for the period was 26.351 billion won, both turning to deficits. Net loss attributable to owners of the parent company was also recorded at 26.39 billion won, falling into the red.

Devsisters stated that these results are preliminary consolidated figures prepared in accordance with Korean International Financial Reporting Standards (K-IFRS). The figures have not been reviewed by external auditors for the company and its subsidiaries, and may change depending on future audit or review results.