Seoul: Netmarble Corp., a South Korean game developer, announced it achieved a net profit in the third quarter, driven by steady sales of its webtoon-based game, Solo Leveling: ARISE. The company reported a net income of 20.6 billion won (US$14.8 million) for the July-September period, marking a significant turnaround from a loss of 28.4 billion won in the same period the previous year.According to Yonhap News Agency, Netmarble's operating income reached 65.5 billion won, reversing a loss of 21.9 billion won a year ago. Sales increased by 2.6 percent to 647.3 billion won. Despite the positive results, the earnings were below market expectations, with analysts estimating the net profit at 51.7 billion won, based on a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.The company attributed the improved third-quarter performance to the global success of Solo Leveling: ARISE. Released in May, the role-playing game, based on a South Korean webtoon, accounted for 13 percent of Netmarble's total sales during the quarter.Netmarble reported that 43 percent of its quarterly sales were generated from North America, followed by 23 percent from South Korea, 13 percent from Europe, and 8 percent from Southeast Asia. The company also announced plans to release King Arthur: Legends Rise in the fourth quarter and introduce nine new titles, including Game of Thrones: Kingsroad, next year.