Infogrames losses down
Atari parent reports losses are down over the same period last year, but so are group revenues, profits, and sales.
The latest numbers are in from Infogrames, which is today reporting its unaudited figures for the first half of its current fiscal year, April to September 2007.
First, the good news: Operating loss was reduced by €7.6 million ($11 million) from the same period last year to €29.3 million ($43.3 million).
Next, the bad news: Group revenues were €91.2 million ($135 million) during the first half, a decline of 13.6 percent from last year's €105.5 million ($156 million).
Sales in the US were particularly affected, and revenue in the country fell 62 percent over last year, although the US accounts for only 16 percent of the group's total.
Gross profit for the first fiscal half was €27.6 million ($40.8 million), down 30.3 percent from last year's €44.2 million ($65.4 million). Infogrames pointed out that no major releases from the company had come out during the first six months of its financial year, and that the games due in the second half are expected to change those figures next time around.
These games include Alone in the Dark, Jenga World Tour, NeoGeo Battle Coliseum, and Dragon Ball Z: Budokai Tenkaichi 3.