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Take 2 suffers post GTA slump

In its trading statement for the first quarter ended January 31st, Take 2 also reported a net loss of $29.1m or $0.41 per share compared with a net profit of $55.2m in the previous year.

The company attributed the decline to the expensing of employee stock options, which began on November 1st 2005, and the weakness of the retail climate over the Christmas season.

Take 2 also confirmed a 2006 release for two new PSP titles, including a new GTA game, a sequel to a Rockstar brand for current-gen systems, movie licence The Da Vinci Code, a PS2 incarnation of GTA: Liberty City Stories, a Table Tennis game for Xbox 360 and Bully for PS2.

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