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Games & Commerce

W Games Q1 operating profit up 25.1 percent to 68.5 billion won

W Games posted its best-ever quarterly results, helped by a turnaround to profit in new businesses and lower fee costs. The company reported first-quarter revenue of 205.0 billion won, up 26.6 percent from a year earlier. Operating profit rose 25.1 percent to 68.5 billion won and net profit increased 60.6 percent to 73.5 billion won. It plans medium- to long-term growth across social casino, iGaming and casual games.

Industry

LG Energy Solution posts Q1 operating loss of 207.8 billion won, swings to red

LG Energy Solution posted a first-quarter operating loss of 207.8 billion won due to initial costs from expanding its North American energy storage system production base, and lower volumes of EV pouch products for a strategic customer. Revenue fell 2.5 percent from a year earlier to 6.56 trillion won but rose 1.2 percent from the previous quarter. The company said North American production incentives reflected in results totaled 189.8 billion won.

Industry

Ecopro BM Q1 operating profit 20.9 billion won up 823 percent on year

Ecopro BM posted first-quarter operating profit of 20.9 billion won, up 823 percent from a year earlier, while revenue fell 3.9 percent to 605.4 billion won, the company said on Tuesday. It cited recovering European EV volumes and expanding demand for energy storage systems. Net profit turned positive at 12.2 billion won. The company is preparing to begin mass production at its cathode plant in Debrecen, Hungary, in the first half.