South korea: NC Corp, the South Korean gaming giant, announced a staggering increase in its first-quarter net income, surging more than fourfold compared to the previous year, driven by its flourishing PC games business.

According to Yonhap News Agency, the company's net income for the January-March period reached 152.4 billion won (US$102.2 million), marking a significant increase of 306.4 percent from the same period last year, as indicated in a regulatory filing. Demonstrating remarkable growth, the video game developer and publisher reported an operating profit of 113.3 billion won for the quarter, reflecting an impressive 2,070 percent year-on-year increase.

Sales figures also exhibited strong growth, rising by 54.7 percent to reach 557.4 billion won. NC Corp attributed its robust first-quarter performance to the exceptional sales of its PC-based games, which recorded the highest quarterly sales figure on record at 318.4 billion won.

The company's mobile game business contributed 182.8 billion won in sales during the reported period. Additionally, NC Corp's mobile casual business, which includes two game publishers acquired last year, generated 35.5 billion won in sales and was newly included in the company's financial statement this year.

Regionally, South Korea accounted for 58 percent of the sales, while other Asian countries contributed 27 percent, and North America and Europe made up 15 percent of the sales, according to the company.