Gravity (GRVY) Reports Q3 Loss of KRW398/Share

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GRAVITY Reports Third Quarter of 2015 Results

November 24, 2015 6:10 AM EST

SEOUL, South Korea, Nov. 24, 2015 (GLOBE NEWSWIRE) -- GRAVITY Co., Ltd. (Nasdaq: GRVY)  (Gravity or Company), a developer and publisher of online and mobile games based in South Korea, today announced its unaudited financial results for the third quarter ended September 30, 2015, prepared in accordance with generally accepted accounting principles in the United States.

FINANCIAL RESULTS FOR THE THIRD QUARTER OF 2015

Revenues for the third quarter ended September 30, 2015 was KRW 8,671 million (US$ 7,603 thousand), representing a 5.9% decrease from KRW 9,217 million for the second quarter ended June 30, 2015 (QoQ) and a 9.2% decrease from KRW 9,545 million... More