Nexon surges to all-time high as annual profit outlook doubles

Tokyo

NEXON Co, one of Japan's largest gaming companies, jumped to the highest on record after doubling its operating profit forecast for the current fiscal year and making its largest acquisition since 2012 to fuel expansion outside of Asia.

Shares soared as much as 10 per cent, bringing their gains for the year to more than 100 per cent. Most of the rally has occurred since April.

Operating income will be at…