Asiasoft to launch top PC and Mobile games to further increase market share

BackAug 11, 2015

11 August 2015, - Mr. Pramoth Sudjitporn CEO of Asiasoft Corporation Public Company Limited ("Asiasoft" or "The Group") announced that the company reported 2015 second quarter overall revenue of 212 Million Baht, 34 % decrease from same period of last year (2014 Quarter 2: 320 Million Baht) operating cost both domestic and oversea decreased 205 Million Baht, or 45% from the last year (2014 Quarter 2: 452 Million Baht). Net profit for the quarter reported a net loss of 39 Million Baht, a decreased of 58% from the last year (2014: 93 Million Bath).

The operating results for second quarter continue to reflect the weak performance in PC gaming revenue from both domestic and overseas markets. This is primarily due to increasing gamers switching to smartphone or spending more game time in mobile games couples with delays from new games launches from second quarter to third quarter for best serve and service. operating cost both domestic and overseas decreased from same period of last year mainly due to lower inefficient costs and tighter control in royalty costs.

Asiasoft second half's business strategy is the launch of 2 PC games and 6 Mobile games. For PC games, the company has launched "Heroes of the Storm" by Blizzard which received positive feedback from gamers. For Mobile games, "Dragonica Mobile" which has been launched late July and be able to get a Top Free Application on App store within the first day of launch. Additionally Dragonica Mobile was able to obtain the ranking of Top Grossing in App store and Play store in South East Asia within the first week of launch. We are expecting the revenue from second half to be better than first half exceeding 30%. Mr. Pramoth Sudjitporn added.