Search results for Knight Online
Games & Commerce
Mgame executives buy 100 million won worth of own shares
Mgame said on Thursday that its registered executives, including Vice President Hong Deung-ho and Director Lee Jae-chang, bought 50 million won each of the company’s shares on the open market. It said the purchases reflect management’s confidence in the company’s sustainable growth and that it will consider additional buying depending on market conditions. Mgame has expanded shareholder-friendly policies, including cash dividends and a 2 billion won share buyback to be fully retired.
Games & Commerce
Mgame\'s Q1 operating profit falls 51 percent on base effect
Mgame reported lower first-quarter results from a year earlier due to a base effect from strong performance a year ago, while revenue rebounded from the previous quarter. The company posted 24.2 billion won in revenue and 3.2 billion won in operating profit. It plans pre-registrations in the third quarter for an idle mobile game based on its Guhon IP and aims to expand its lineup in the second half.
Games & Commerce
Mgame to buy back 2 billion won of treasury shares and cancel all
Mgame will buy back 2 billion won ($) worth of its own shares and cancel all of them to support its share price and boost shareholder value. The company said the purchase period will run from May 15 to Aug. 14 and will be conducted through on-exchange purchases in the KOSDAQ market. It expects to acquire about 411,100 shares, or about 2.14 percent of total shares outstanding, based on the previous day’s closing price of 4,865 won.
