KRAFTON posts record-high quarterly sales of KRW538.7B in 1Q23
KRAFTON (CEO CH Kim) announced its 1Q23 preliminary earnings on May 9. KRAFTON recorded its 1Q23 sales at KRW538.7B, OP at KRW283B and NP at KRW267.2B in accordance with the Korean International Financial Reporting Standards (K-IFRS). Consolidated sales climbed 14% QoQ and 3% YoY in 1Q23, rewriting its record quarterly sales. OP spiked 124% QoQ with OPM reaching 53%. Especially when excluding stock compensation costs from OP, OP in 1Q23 amounts to KRW293B, which is a 12% YoY increase. NP turned to profit QoQ with NPM of 50% in 1Q23.