Asiasoft announces lower earnings in fiscal year 2013 in Thailand.

Asiasoft expects to get 5% of total revenue from mobile games this year. They also just acquired 100% shares from Level Up - the Philippines games portal.

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The report said that the Thai-based game publishing conglomeration's group revenue for 2013 was 1,714.77 million Baht, which was 15 per cent lower than 2012′s revenue which was 2,016.32 million Baht.

CFO Kenny Goh said that it postponed 19 games out of its 29 planned game launches due to the changing game market in the region.

Thankfully, the games publisher has big plans to turn things around.

Asiasoft plans to increase market share in the Southeast Asia territory using its acquisition of Philippines game operator Level Up! Once the acquisition is complete, Asiasoft will get over 50 per cent market share in the country.

For context, Strife is developed by S2 Games, the creators of the big-in-Thailand multiplayer online battle arena title Heroes of Newerth.

Source: http://www.compgamer.com/home/313379