South Korea’s leading game company Nexon said Thursday that its third-quarter operating profit fell 12 percent on-year to 16.3 billion yen ($154.6 million), crediting the decline to a strong yen during the cited period.
The company’s revenue also fell 11 percent on-year to 44.3 billion yen, according to its regulatory filing. The figures reflect exchange rates in the July-September period.
Nexon, which is listed on the Tokyo Stock Exchange, pointed out that its third-quarter performance took a hit from the strong yen that soared in value after Britain’s landmark vote to leave the European Union in June.
When applying the same average yen-dollar exchange rate of last year’s third quarter, Nexon’s third-quarter profit this year rose 4 percent on-year to 52 billion yen, the company said.
Meanwhile, Nexon’s net profit in the third quarter also fell 60 percent on-year to 83.4 billion yen during the third quarter.
By Sohn Ji-young (
jys@heraldcorp.com)
