SouthPeak losses hit £12.1 million

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SouthPeak has posted a $12.1 million profit loss for the 2009 fiscal year ending June 30th.

However, units sales were up 100 per cent and net revenues rose from last year by $7.2 million.

The firm's losses were put down to 12.5 million investment into IP and game development for future products, as well as the $1.6 million expenses in relation to the Gamecock acquisition.

The publisher is optimistic that Two Worlds 2, My Baby: First Steps and Dementium will bolster sales for 2010.