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Nexon Games posts 10.5 billion won operating loss in first half on stock compensation cost reversal

Nexon Games posted first-half consolidated revenue of 83.0 billion won and an operating loss of 10.5 billion won, it said in a regulatory filing on Wednesday. Net loss was 13.2 billion won. Revenue fell 8 percent from a year earlier due to the downward stabilisation of some live games. The company said losses narrowed as previously recognised stock-based compensation costs were reversed in the second quarter after awards to executives lapsed for failing to meet conditions.