IGG demonstrated robust financial performance during the first half of 2018, characterized by significant growth in both revenue and profitability. Total revenue reached US$388 million, representing a 42% increase compared to the same period in the previous year, while net profit rose by 29% to US$98.4 million. This expansion was primarily fueled by the sustained success of the flagship title Lords Mobile, which solidified its position as a top-ten highest-grossing game globally across both iOS and Google Play platforms.
The company maintained a strong international market presence, with revenue distribution balanced across key regions: 47% from Asia, 27% from North America, and 22% from Europe. Financial stability remained a hallmark of the period, as the firm reported a healthy liquidity position with US$282 million in cash reserves and no outstanding bank borrowings. Despite the adoption of new accounting standards, specifically IFRS 9 and IFRS 15, which necessitated a minor adjustment to retained earnings, the company’s core revenue recognition practices remained largely unaffected.
Operational management focused on capital allocation and corporate governance throughout the six-month period. The company executed a significant share repurchase program, canceling over 25 million shares for approximately HK$290.6 million, and declared an interim dividend of HK17.7 cents per share. While maintaining compliance with established corporate governance standards, the organization continued to scale its global workforce to support its ongoing international expansion. With no significant contingent liabilities or asset pledges, the firm concluded the half-year period in a stable position, supported by a clear strategy of leveraging its primary intellectual property to drive global market share.
