$189.5m profit for the nine months ending December 31st; Hardware price cuts predicted

Sega Sammy swings to profit

Japanese publisher Sega Sammy has reported a net income of $189.5m for the nine months ending December 31st. The news is all the sweeter for the firm as in the same period a year before it suffered a $121.3m loss.

There were also sharp increases in operating income, which hit $322.9m – in 2008 a $30.8m loss was reported. Less positive news was to be found elsewhere in Sega’s filing, however, with net sales falling 7.7 per cent to $3.1bn.

Looking at the consumer business in isolation, a profit of $15.8m was achieved compared to 2008’s $63.1m loss.

Full report and further details can be found over at MCV

About MCV Staff

Check Also

Eiyuden Chronicle

Former Suikoden Creators launch Kickstarter for new JRPG project and opens new development studio

The creators behind the beloved JRPG series Suikoden have announced a new JRPG development project on Kickstarter, titled Eiyuden Chronicle.