Tag Archives: profits

Future reports annual profit climb

Publisher and media group Future has reported normalised operating profit of 6.9m for the year ending September 30th. That’s a 68 per cent year-on-year increase. Group revenues were down three per cent, although Future attributes that to the restructure of tis US business. Net debt comes in at a lower …

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Zynga posts third quarter of losses

A loss of nearly $53m for the last quarter means that Zynga has now posted total losses of nearly $161m over the last nine months. But it wasn’t all bad news, and with numbers coming in ahead of expectations investors may this morning be feeling that there’s some reason for …

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Signs of new life at UK supermarkets

Both Tesco and Sainsbury’s have reported a quarterly rise in sales, leading to hopes that the worst could be behind the High Street. Leading retailer Tesco posted a slight 0.1 per cent rise in like-for-like sales excluding petrol. That’s the first rise in seven quarters at the chain. Pre-tax profit …

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Argos owner suffers 60% profit slump

The Home Retail Group has suffered a 60 per cent year-on-year decline in profits after a poor performance from Argos. The Home Retail Group’s profits fell from 265.2m last year to 90.2m. The main culprit was Argos, whose sales declined seven per cent to 3.8bn. While the Group’s performance in …

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Tesco posts first UK profit decline for 20 years

It may be the biggest and most important retailer in the UK, but supermarket giant Tesco has posted its first fall in UK profits for 20 years. Profits at its UK arm fell one per cent to 2.5bn for the year ending February 25th. UK sales fell 1.2 per cent …

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Mass Effect 3 loss could cost GAME £2m

The consequence of GAME not stocking Mass Effect 3 could be 2m of lost profit and a 6-7m drop in revenue, one analyst has predicted. Working on the assumption that a decent triple-A title sells 0.8m-1m titles in the first few weeks of release in the UK and assuming GAME …

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Recession? What recession? Apple posts record earnings

The High Street might be in tatters as the world’s governments wallow in spiralling pits of debt and despair, but it’s all parties and barbeques and women and jager bombs at Apple HQ in California. The tech giant has just posted record profits for the quarter ending December 31st, driven …

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Argos owner suffers profits collapse

Home Retail Group, the owning company of catalogue chain Argos, has reported a shocking set of numbers in its half-year financial report. Profits for the period collapsed by 71 per cent to 29.4m. Though the performance of another of its brands, Homebase, was described a robust” Argos itself was said …

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Flat profits reported by Gameloft

Mobile games publisher Gameloft has reported a net profit of €5.3 million (around $7.6m) for the first half of 2011, the same as it reported for the first half of 2010. The company’s revenues rose from €66.6 million to €76.8 million in the same period, so why were net profits …

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Sega to support Earthquake relief fund

Sega and its UK studio Sports Interactive have pledged to donate a portion of revenues to a Japan earthquake relief fund. All money generated from the iPhone app Football Manger Handheld 2011, over a seven day period, will be channelled to a charity aiming to help and restore the disaster-struck …

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