BUSINESS

LINE swings into black

By Kim Young-won
  • Published : Jul 27, 2016 - 16:36
  • Updated : Jul 27, 2016 - 17:24
[THE INVESTOR] LINE, the Tokyo-headquartered mobile messenger operator, said on July 27 that the company’s operating profit improved in the April-June period thanks to strong sales in its ad and media content businesses.

Announcing its first earnings result on the day since its IPO in Tokyo and New York this month, the company said it logged 8 billion yen (US$75.74 million) in operating profit, up from an operating loss of 2.4 billion yen in the second quarter of last year. It also recorded 33.9 billion yen in revenue, up 20.6 percent on-year.

LINE’s top executives and New York Stock Exchange officials celebrate the IPO of the mobile messenger firm. / LINE

The company’s advertising and media content businesses accounted for more than half of the quarterly revenue excluding non-operating income, at 33.9 billion yen, with their proportion reaching 37 percent and 34 percent, respectively.

The firm’s communication segment in charge of the mobile messenger sticker business took up 22 percent, or 7.4 billion yen, while the rest came from miscellaneous services, including a part time job recruiting service.

By Kim Young-won (wone0102@heraldcorp.com)