[NX] Nexon’s Stock Prices Soar Following Revision Of First Quarter Projections

3659:JP

Nexon Co. Ltd.’s stock prices are now at their highest level ever, selling at 1,368 yen per share. This is higher than where they were selling at the time of Nexon’s initial public offering (at 1,300 yen). This follows an exciting report from Nexon revising its financial projections for the first quarter of 2012 favourably due to “better than expected performance from live titles in the Asian region”. Stock prices have jumped a total of 14.96% since March 15.

January 1 to March 31, 2012

Operating Revenue (unit: million yen)
Previous projection: 24,124
New projection: 28,500
Difference: 4,375 (18.1%)

Operating Profit (unit: million yen)
Previous projection: 10,410
New projection: 15,100
Difference: 4,689 (45.1%)

Net Profit (unit: million yen)
Previous projection: 7,720
New projection: 11,200
Difference: 3,479 (45.1%)

Nexon is also revising its forecasts for the January 1 to June 30, 2012 half year and the full fiscal year January 1 to December 31, 2012 but these revised projections will be released in May, shortly after the actual earnings report for the first quarter of 2012 is released.

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Posted on March 24, 2012, in International Nexon. Bookmark the permalink. Leave a comment.

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