FINWIRES · TerminalLIVE
FINWIRES

Wemade Returns to Profit in Q1 as Sales Rise 8%

By

Wemade (KOSDAQ:112040) posted first-quarter net income of 21.9 billion won, returning from a net loss of 22.5 billion won a year earlier, according to a Tuesday filing with the Korea Exchange.

The South Korean gaming company's sales rose 8.1% to 153.3 billion won from 141.8 billion won.

Shares of Wemade fell nearly 3% at market close.

Related Articles

Asia

Market Chatter: SoftBank Group Eyes Up to $100 Billion in France Data Centre Investment

SoftBank Group (TYO:9984) is considering an investment of up to $100 billion in France as part of its artificial intelligence infrastructure expansion, Bloomberg News reported on Monday, citing unnamed sources.Founder Masayoshi Son has discussed launching a major AI data center project there with President Emmanuel Macron in the coming weeks, the news wire said.Any final commitment, however, may be lower depending on how Son prioritizes other projects, the publication said.SoftBank Group did not reply to' query at press time.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$TYO:9984
Asia

Premier Energies, Syrma SGS Scrap K-Solare Energy Acquisition; Shares Fall 5%

Premier Energies (NSE:PREMIERENE, BOM:544238) and Syrma SGS Technology have called off their planned acquisition of K-Solare Energy, according to a Monday filing on Indian bourses.Shares of the company fell nearly 5% in Tuesday's trade.The companies terminated discussions after evaluating strategic considerations, the filing said. The termination is not expected to have a material impact on the financial standing of either firm, it added.The proposed transaction, announced in October 2025, involved the acquisition of a 51% stake in K-Solare through a joint venture structure, according to the filing.

$BOM:544238$NSE:PREMIERENE
Asia

StanChart Buys Back Shares

Standard Chartered (HKG:2888) repurchased 777,000 shares on Monday at an average price of 18.89 pounds sterling apiece, according to a Tuesday Hong Kong bourse filing.The British lender plans to cancel the shares, following which it will have about 2.21 billion shares in issue.

$HKG:2888