[GHi] GameHi Reports $16 Million Revenues, $2 Million Profits

GameHi, the recently acquired subsidiary of Nexon Corporation has reported $16 million in revenue and $2 million in profits in the first half of 2010. Revenues are down 2.8% and profits down a very disappointing 60.6% when compared to this time of 2009.

“The reasons the profit has been decreased recently are separation of water treatment business and the development expense. We are looking forward to seeing improvement in great range for the next quarter,” said MinYoung Joo, CEO of GameHi. “We are going to make a surprising outcome for the next half of 2010 with the brand new games like <Kingdoms> and <Hounds> and by launch of <Sudden Attack>’s China service and global business with Nexon.”

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