SCi to post £100m FY losses

Eidos parent SCi expects to post a £100 million loss for the 2007/2008 financial year – which it calls a period of ‘restructuring and transition’.

The news came in the firm’s trading update this morning, in which it also revealed that it is to sell off its Spanish distribution business, Proein.

The company wrote: ‘The full year loss reflects both the significant write-offs made to the carrying value of the Group’s development projects at the half year and the decision, as previously announced, to delay a number of major product launches out of the second half into the next financial year.”