Netmarble remains in red in Q2

This photo shows Netmarble holding a media conference to promote their new three games that will be released in the second half of the year in Guro District, Seoul, June 1. Courtesy of Netmarble

Netmarble on Tuesday reported its second-quarter net loss of 44.1 billion won ($33.5 million), remaining in the red compared with a year ago.

The company said in a regulatory filing that it continued to post an operating loss of 37.2 billion won for the April-June period, compared with a loss of 34.7 billion won a year earlier. Revenue fell 8.7 percent to 603.3 billion won.

The loss was 18.8 percent lower than the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. (Yonhap)