Gamevil earns $27.4M in smartphone revenue for all of 2011

Korean mobile gaming developer Gamevil said it earned $27.4 million in smartphone revenue for all of last year, nearly three-quarters of its total take.

Overall, the company brought in 42.6 billion Korean won ($37.5 million), up 39 percent from the year before. Net income was 16.1 billion Korean won ($14.2 million). For the fourth quarter, the company saw net income of 5.8 billion Korean won ($5.1 million) on 16.5 billion Korean won ($14.5 million), up 65 percent from the year earlier.

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