Netmarble remains in red in Q1

Netmarble Corp. on Thursday reported its first-quarter net loss of 9.9 billion won (US$7.2 million), remaining in the red compared with a year ago. Operating profit for the January-March period was 3.7 billion, compared with a loss of 28.2 billion won a year ago, the company said in a regulatory filing. Sales fell 2.9 percent to 585.4 billion won. The loss was 132 percent higher than the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. Source: Yonhap News Agency