GAME's Xmas sales to outstrip forecasts

GAME’s success over the Christmas period has been confirmed by a further trading update, explaining that profits before non-recurring costs and tax will now be ahead of expectations at “no less than £70m”

This marks an enourmous leap from 2007’s trading performance, when profits for the year stood at £29.5m.

GAME also confirmed that non-recurring costs are expected to be around £8m, while the costs to the Group of complying with the requirements of the Competition Commission inquiry are anticipated to be around £4.5m in total, plus a non-recurring charge of approximately £3.5m, related to integration connected with the acquisition of Gamestation.

A full report on GAME’s Christmas trading performance for the six weeks up to January 12th is expected on January 15h.