Playlogic’s Q3 revenue drops 70%

Dutch publisher Playlogic has reported disappointing figures for its fiscal third quarter which show revenues of £740,000 – a number that’s 70 per cent down on the revenues reported in the same period last year.

Gross profits were also down significantly, hitting just £200,000 – substantially down on the previous year’s £1.3 million.

On the up were operating losses, which totalled £1.9 million. In the same period last year the firm posted an operating profit of £335,000.  The overall result was a net loss of £2 million for the quarter representing a stark change of fortunes when compared to 2007’s Q3 net profit of £1.3 million.

The publisher blamed the results mainly on the delay of a number of products including Age of Pirates 2: City of Abandoned Ships, Sudoku Ball Detective and Vertigo.