Seoul: Netmarble Corp., a prominent South Korean game developer, announced on Thursday a net loss of 35.9 billion won (US$24.5 million) for the fourth quarter, continuing its trend of financial difficulties compared to the previous year.

According to Yonhap News Agency, the company revealed in a regulatory filing that its operating income for the October-December period experienced a substantial increase of 214.8 percent year-on-year, reaching 110.8 billion won. Furthermore, sales saw a notable rise of 22.9 percent, totaling 797.6 billion won. Despite these positive indicators in operating income and sales, Netmarble has yet to overcome its overall financial losses.