[Special Stock] Com2us Holdings Surges 10% on Earnings Surprise

[Asia Economy Reporter Kwon Jae-hee] Com2uS Holdings is showing strong stock performance in early trading as it recorded earnings that exceeded market expectations.

As of 10:38 AM on the 11th, Com2uS Holdings' stock price is trading at 134,000 KRW, up 10.84% compared to the previous trading day.

This contrasts with the more than 15% plunge the previous day due to concerns over deteriorating earnings and worsened investor sentiment toward blockchain game companies following the Wemade shock.

Com2uS Holdings announced that its consolidated operating profit for last year was preliminarily estimated at 44.5 billion KRW, an 87.7% increase compared to the same period last year. During the same period, sales and net profit were recorded at 145 billion KRW and 30.7 billion KRW, respectively.

The strong performance of Com2uS Holdings is attributed to sales growth in the gaming sector and increased profits from affiliates such as 'Coinone.'

Com2uS Holdings plans to fully launch its new business this year by releasing blockchain games. Starting with 'Chromatic Soul: AFK Raid,' scheduled for release next month, it plans to launch games incorporating blockchain technology and non-fungible tokens (NFTs), including Marvel Race (tentative name), Creature, and Gamevil Pro Baseball.