Berlin, 28.09.2010: Frogster Interactive Pictures AG has released its interim report for the first half of 2010. The international publisher of massively multiplayer online games based in Berlin with subsidiaries in Berlin, San Francisco and Seoul was able to more than double the revenue in the first half of 2010 with 11.4m Euro compared to the same period of last year (first half 2009: 5.1m Euro). The result net of taxes and minority shareholder interests increased to 1.4m Euro (first half 2009: 1.1m Euro). The result per share net of taxes and minority shareholder interests came to 0.48 Euro after 0.44 Euro in the first half of 2009. The number of shares has increased by 375,000 to now 2,900,000 shares compared to the publication date of the interim report 2009.
The non-proportional improvement of the result compared to the revenue growth mostly follows from positive extraordinary effects in the previous year’s first half year at the amount of 0.24 Euro and negative extraordinary effects in the first half year 2010 of -0.07 Euro per share net of taxes and minority shareholder interests. The result adjusted by extraordinary effects amounted to 0.55 Euro (first half 2009: 0.20 Euro) per share net of taxes and minority shareholder interests. The overall result equals a net operating margin of 12.3 percent.
With 7.5m Euro, the cash position has nearly tripled compared to the end of the last business year (end of 2009: 2.6m Euro). The board of management considers this as sufficient. The equity ratio amounts to 71 percent. Frogster has no bank liabilities.
The German interim report 2010 is available for download at www.frogster.de.
Update on current revenues
The management expects a noticeable revenue growth in September compared to August 2010, the third quarter however should close beneath expectations due to the previous months. Should revenues not rise significantly again from October onwards in contrast to the unchanged expectation of the management, this would naturally have to be considered for the adjustment of the guidance for the result 2010 which was already announced for other reasons. The adjustment shall take place end of October.
Frogster Interactive Pictures AG, Tel. +49 (0)30-28 47 01-0Frogster– We take you to a new world!
The Frogster group is a Berlin-based, listed publisher of online games. Frogster focuses on the marketing and operation of virtual worlds, so-called massively multiplayer online games– one of the strongest growing sectors in the entertainment industry. With its top titles‘Runes of Magic’ and‘Bounty Bay Online’ Frogster has already gathered over 5 million registered players worldwide. Currently the Frogster group employs more than 200 staff members in the fields of game development, licensing, IT, web design and web development, product management, marketing, PR, web publishing, community management, support, sales, hosting, billing and finance/administration. Frogster’s subsidiaries Frogster America Inc. based in San Francisco, USA, Frogster Online Gaming GmbH based in Berlin, Germany, Frogster Pacific and Frogster Asia Co. Ltd. based in Seoul, Korea, market and operate their games in America, Europe, Oceania and Asia respectively. Under the umbrella of Frogster Online Gaming, OnlineWelten acts as one of the widest range German language MMO and gaming portals. In 2008, Frogster was awarded as“Landmark in the Land of Ideas”, an initiative under the patronage of the German Federal President. The shares of the Frogster Interactive Pictures AG have been listed in the Entry Standard segment of the Frankfurt stock exchange since February 2006. Internet: www.frogster.de
Frogster Interactive Pictures AG
Hardenbergstr. 9A• 10623 Berlin• Germany
Tel +49 (0)30-28 47 01 0
Fax +49 (0)30-28 47 01 11
Vorstand• Christoph Gerlinger (Vors.), Andreas Weidenhaupt, Dirk Weyel
Aufsichtsratsvorsitzender• Gerhard A. Koning
Handelsregister-Nummer• B 102 897• Amtsgericht Berlin-Charlottenburg