On the 14th, DoubleU Games' stock price is weak by about 8%. It is interpreted that the investment sentiment worsened as DoubleU Games announced results that fell short of market expectations.
As of 9:35 a.m. on the 14th, DoubleU Games' shares are trading at 52,000 won, down 4,700 won (8.29%) from the previous trading day in the securities market.
It is interpreted that the buying sentiment worsened as DoubleU Games announced its first-quarter (January to March) results that fell below market expectations.
DoubleU Games announced that it recorded a consolidated revenue of 162 billion won and an operating profit of 54.8 billion won for the first quarter of this year. Revenue increased by 0.9% compared to the same period last year, while operating profit decreased by 11.2%.
In the securities industry, it is expected that DoubleU Games will record about 64.5 billion won in operating profit for the first quarter of this year.