Sega Sammy swings to profit

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

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