Asia’s Nexon sees Q1 game revenues rise 9% and profit grow 15%

Asian gaming giant Nexon reported that its first quarter revenues rose 9 percent to 52 billion yen ($436 million) thanks to good results with its existing games and its global expansion into mobile games. The results show the company is making some progress in its bid to become a global gaming company with significant operations in the West.

Nexon, which is based in Tokyo and has a lot of its operations in South Korea, said that it saw good performance for games in China and South Korea around the Lunar New Year celebrations during the quarter. Net income was 18.5 billion yen ($155.4 million), up 15 percent from a year earlier for the first quarter ended March 31.