In contrast, in the same period last year the chain reported a £5.6 million loss. Group turnover was also up from 2006’s £272.9 million, hitting £482.4 million, thanks largely to the acquisition of former rival Gamestation.
“The strong performance reported today is a result of our hard work in getting GAME properly positioned ahead of the new technology cycle,” GAME chairman Peter Lewis stated..
“We have a fast growing international business and are well placed for further organic growth. We look forward to the key Christmas trading period when our store portfolio will exceed 1,120 across the UK, Continental Europe and Australia.”
Elsewhere in its report, GAME stated that the cost of integrating Gamestation will hit around £5 million, and that it also expects the cost of the pending review from the Office of Fair Trading into the acquisition to be around £4.5 million.