September 29, 2016 5:21 PM ET

Software

Company Overview of IGG Inc.

Company Overview

IGG Inc, an investment holding company, develops and publishes mobile online games in North America, Asia, Europe, Oceania, South America, and Africa. It offers free-to-play mobile, browser, and client-based online games in 15 languages. The company operates and licenses online games; researches and develops games; and provides customer support, cash collection, and sales and marketing services, as well as collects fees for advertising. IGG Inc was founded in 2006 and is headquartered in Singapore.

No. 04-03 Sime Darby Business Centre

315 Alexandra Road

Singapore,  159944

Singapore

Founded in 2006

910 Employees

Key Executives for IGG Inc.

Co-Founder, Chairman, Chief Executive Officer, Member of Nomination Committee and Member of Remuneration Committee
Age: 38
Total Annual Compensation: $227.0K
Co-Founder, Chief Operating Officer and Executive Director
Age: 40
Total Annual Compensation: $374.0K
Chief Technology Officer, Senior Vice President of Global Operations and Executive Director
Age: 44
Total Annual Compensation: $281.0K
Compensation as of Fiscal Year 2015.

IGG Inc. Key Developments

IGG Inc. Declares Interim Dividend for the Six Months Ended 30 June 2016, Payable on 27 September 2016

The Board of IGG Inc. declared an interim dividend of HK 4.3 cents per ordinary Share compared to HK 4.0 cents per ordinary share paid a year ago. The record date for entitlement to the interim dividend is on 14 September 2016. The payment date of the interim dividend is expected to be on 27 September 2016.

IGG Inc. Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2016

IGG Inc. reported unaudited consolidated earnings results for the six months ended June 30, 2016. For the period, the company reported revenue of $126,041,000 compared to $103,794,000 a year ago. Profit before tax was $27,130,000 compared to $26,716,000 a year ago. Profit attributable to the owners of the parent was $26,109,000 or $0.0186 per diluted share compared to $24,804,000 or $0.0173 per diluted share a year ago. Adjusted net income was $27,194,000 compared to $26,257,000 for the same period a year ago. The increase in revenue was primarily due to the outstanding performance of the new title Lords Mobile, which was launched in March 2016, the increase in the revenue generated from the existing core game Castle Clash, and the decrease in the revenue from obsolete business of browser games, client-based games and other existing mobile games. Purchase of property, plant and equipment was $1,338,000 against $798,000 a year ago. Purchase of intangible assets was $39,000 against $28,000 a year ago. Net cash flows from operating activities decreased from approximately $32.8 million for the six months ended 30 June 2015 to approximately $23.9 million for the period, which was primarily attributable to the increased advertising and promotional activities for the newly launched mobile games, especially for the new title of Lords Mobile.

IGG Inc. to Report First Half, 2016 Results on Aug 26, 2016

IGG Inc. announced that they will report first half, 2016 results on Aug 26, 2016

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Recent Private Companies Transactions

Type
Date
Target
Buyback
June 8, 2016
--
Buyback
December 22, 2015
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