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Nintendo half-year profits double - MCV

Nintendo half-year profits double

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Nintendo's year-on-year first-half profit and sales figures have doubled after the continued success of Wii and DS.

The company has now raised its profit outlook to a record for the second time this year, reports

Bloomberg

.

Net income jumped to 132.4 billion yen (586 million) in the six months to September 30th, from 54.3 billion yen (232 million), a year earlier.

Sales climbed from 298.8 billion yen (1.27 billion) to 694.8 billion yen (2.96 billion).

Operating profit rose to 188.8 billion yen (806 million) in the half- year from 67.1 billion yen (287 million) a year earlier.

Nintendo has now raised its annual profit outlook to 275 billion yen (1.17 billion) from a July forecast of 245 billion yen (1.05 billion).

The firm, whose market value more than doubled this year, sold 7.33 million Wii players in the half.

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