HanbitSoft said on Thursday it posted consolidated second-quarter revenue of 6.7 billion won, operating profit of 600 million won and net profit of 1.1 billion won.
Revenue fell 43.2 percent from a year earlier, but operating profit and net profit rose 1.8 percent and 8 percent, respectively.
With the second-quarter results included, first-half consolidated revenue totalled 15.3 billion won, with operating profit of 2.8 billion won and net profit of 3.9 billion won.
Revenue fell 24.2 percent from a year earlier, but operating profit and net profit rose 558.6 percent and 150.6 percent, respectively.
On a separate basis, first-half revenue rose 4 percent from a year earlier to 12.4 billion won. Operating profit came to 2.7 billion won and net profit was 2.8 billion won, returning to the black.
HanbitSoft explained the results reflected management efficiency efforts, reduced development and marketing costs through the use of artificial intelligence technology, and the inclusion of results from equity-accounted subsidiary IMC Games.
In the second half, it plans to proceed with the launches of "Granado EspadaM" in Southeast Asia and North and South America. It is also discussing the schedule for a China launch with a local publisher after signing a publishing deal earlier this year.
It also signed an intellectual property rights agreement in June with Arcanine Games for the PC massively multiplayer online role-playing game "Aika Online" and is developing a new title, "Aika Mobile" (tentative). It plans to implement the original game’s large-scale realm versus realm content in a mobile environment.
A HanbitSoft official said, "Second-quarter operating profit and net profit held at or above the year-earlier level, and in particular, on a separate basis we continue quality performance improvements quarter-on-quarter." The official added, "As the trend of improved profitability has continued in both consolidated and separate results through the second quarter following the first, we will not loosen the reins on stabilising live service operations and management efficiency in the second half and will continue the profit growth trend."