Tuesday, December 11, 2018
 
Columnist
Martin Hennecke

IGG game to expand in mainland market
 
13/03/2018
 
Mobile game developer IGG Inc is to further expand its mainland Chinese Android market this year after seeing its net profit more than double last year.

IGG chief operating officer Xu Yuan yesterday said at a media briefing that Lords Mobile, a real-time war strategy game released in March 2016 which accounted for 72 percent of the company's total revenue last year, will focus on expanding the mainland market this year and will consider expansions in countries with large populations such as Indonesia and Brazil.

Xu expects a solid revenue for 2018 as the game generates 300,000 new users every day.

The game had gross billing of about US$50 million (HK$390 million) in January, and US$56 million in February, Xu said.Looking ahead, the company will design a mobile game exclusively for female users, Xu said.

IGG (0799) saw its net profit for 2017 jump 1.15 times to US$156 million last year, compared with US$72.6 million the year before, according to a Sunday exchange filing.

Annual revenue for the period improved 89 percent year on year to US$607.3 million.

It declared a second interim dividend of 14 Hong Kong cents per ordinary share, bringing its total dividend for the year to 49 Hong Kong cents, compared with 17.7 Hong Kong cents in 2016.

Tracy Hu

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