Com2uS swings to profit in Q2 on strong game sales, reduced costs

[Courtesy of Com2uS Corp.]

South Korean game developer Com2uS Corp. swung to a profit in the second quarter from a year ago, driven by strong game sales and improved costs.

Com2uS announced on Friday that it posted 1.4 billion won ($1 million) in operating profit for the April-June period, turning around from an operating loss of 3.9 billion won in the same period a year ago.

Sales for the quarter reached 173 billion won, down 21.5 percent from the same period last year, mainly due to reduced subsidiary sales.

Com2uS said its turnaround has been driven by higher sales of its flagship “Summoners War” and baseball games.

By genre, Com2uS raised 97.4 billion won in sales from its role-playing games (RPGs), 53.5 billion from sports, and 1.5 billion from casual games.

Domestic sales increased by 58.3 percent while overseas sales fell 15.6 percent during the cited period.

Total operating expenses for the second quarter stood at 117.6 billion won, down 23.5 percent.

Com2uS announced the global launch of “BTS Cooking On: TinyTAN Restaurant” on Wednesday. It plans to release several other titles in the second half of the year, including “Starseed: Asnia Trigger” and “Frostpunk: Beyond the Ice.”