Jagex sales pass $50 million as company deems 2012 as best year to date

Runescape developer Jagex has posted sales of $50 million, marking its most successful year to date. The company now plans to invest its spoils back into its expansion, and to double the size of its development team.

GI.biz reports that in 2012, Jagex saw sales of £50 million ($77 million), which is a record since the company was founded 12 years ago.

Alongside Runescape, Jagex cited Ace of Spades and Carnage Racing as key drivers for 2012, and added that incoming MMO Transformers Universe will boost the company's profits further. The company is also targeting emerging markets with the Brazilian launch of Runescape, in partnership with service provider UOL.

In a statement, Jagex COO Riaan Hodgson said, "Our results for 2012 are hugely encouraging, especially in the face of a difficult financial climate, which has seen many games developers closing their doors or making significant layoffs. Jagex, in contrast, has continued to expand both in headcount and in our games portfolio."

The studio added that Runescape saw "tens of millions" new players last year, although concrete figures were not divulged.

Do you play Runescape? Is it ripe for expansion moving forward? Let us know below.