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Infogrames revenues climb 45% in fiscal first half

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Infogrames has announced a 45 percent climb in revenues in the six months ending September 30, thanks mainly to the success of Alone in the Dark, Dragon Ball Z and Backyard Baseball.

Sales were up to €36.3 million from €14.8 million in the previous year.

"Strong revenues growth for the first half of the fiscal year 2008/2009 reflect strong sales and solid distribution," said company head David Gardner.

"This first half of the year also showed improvement of current operating income resulting from improved cost control, the early results of restructuring plan and profitability measures implemented since the beginning of the fiscal year.

"I also would like to point out the turn around in the US with tremendous revenue growth of 145 percent and reduction of losses," he said.

"Given current economic situation, we think that holiday period will be very competitive, however we reiterate our full year revenues growth guidance at 12 percent to 18 percent and return to profitability by the second half of 2009/2010 on a 12-month basis."

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