SCi reports record six-month results

SCi has recently reported its highest ever turnover in the first half of a financial year. The UK-based publisher achieved a turnover of £9.4 million ($17.26 million) in the six months ended March 31, 2004--an increase of 29 percent over the £7.3 million ($13.4 million) achieved 12 months earlier. SCi's loss before taxes for the six-month period was £0.79 million ($1.45 million), which compares favorably with both the £0.85 million ($1.56 million) loss during the same period the previous year, and the £4 million ($7.34 million) loss that the market had been expecting.

"This has been another record financial performance for SCi. We are considerably ahead of expectations, which, in particular, demonstrates the strength of our back catalog," said Jane Cavanagh, chief executive at SCi. "I am delighted to report that our forthcoming releases scheduled for 2004 are all on track and these, combined with some exciting new opportunities, mean our pipeline is very healthy. We are firmly on course to deliver sustained profitability for the foreseeable future."

According to the interim report, SCi has four major products on track for release during the 2005 financial year, and it already has three new products planned for 2006. The four games planned for 2005 include Battlestations: Midway, Carmageddon 4 (working title), Conflict 4 (working title), and Rogue Trooper. In the report, SCi also took the opportunity to mention that it is in advanced negotiations for a further product expected to be announced shortly, and that Atlus USA has signed a US distribution agreement for Galleon.