Korea Business News Agency - NSP NEWS AGENCY.

(Seoul=NSP News Agency) YEON SUN HAN Journalist = DoubleU Games' first-quarter payment for 2018 exceeded $ 100 million for the first time ever. It is a 7.6% increase reaching $ 106.5 million, with KRW113.9 billion in sales. compared to 4th quarter of last year, when the social casino market was its peak.

DoubleU Games' 1Q08 1Q sales were KRW113.9bn on a consolidated basis, with operating profit KRW26bn, and net profit KRW13.8bn. This is the figure of 175.2 percent increase in sales, 55.0 percent increase in operating profit, and 20.6 percent increase in net profit compared to last year.

Won Yong-joon, chief financial officer of DoubleU Games, said,"The amount of payment for Double Down Casino has increased significantly in the past quarter, and the synergy between the two companies has been on the rise since M & A."He also stated that “as soon as the normalization of the Double Down casino is completed, it will actively seek additional growth potential such as M&A”

Meanwhile, DoubleU Games announced that it would list The8games, the domestic parent company of Double Down Interactive in the US, on the domestic stock market. The company plans to finish selecting stock issuing agent by June next month, complete the listing in domestic market in October of the 4th quarter next year after requesting a preliminary screening in April next year.

NSP News Agency/NSP TV YEON SUN HAN Journalist, hanys4017@nspna.com
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