NCsoft profits plunge

The Korean firm reported a net income of $7.2 million for the quarter ending March 31st, down from $14.3 million for the same period last year.

Net sales, however, were up from last year, rising five per cent to $83 million, though this was thanks to a strong performance in the East – North American and European sales were down by half.

Declining sales of titles such as City of Heroes, City of Villains and Guild Wars, all of which saw sales drops of over 50 per cent, were primarily blamed for the results. New releases Guild Wars Factions and Auto Assault missed the Q1 window, giving hope to an improved performance in Q2.

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