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Ubisoft Sales Improve but Still Operating at a Loss
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Posted by Donster on: 2010-11-15 16:33:29 230
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New Ghost Recon and Driver Delayed Again
By Xav de Matos @ ShackNews
Ubisoft has released its financial results report for the first-half of 2010-11, showing a 57 percent increase in sales. The Paris-based developer and publisher announced sales for the reporting period were €260 million ($354.2M) versus €166M ($226.1M) last year.
During the six-month period, Ubisoft reported a net loss of €89.8M ($122.3M). In the same period last year, Ubisoft's net loss capped at €52M ($70.6M).
In the report, Ubisoft revealed that two of its upcoming titles, Driver: San Francisco and Ghost Recon: Future Solider, will be pushed into its 2011-12 line-up. Although the report does not specify either game's release window, Ubisoft's current fiscal year will not end until March 2011 meaning both titles won't see release until at least April 2011.
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News Source: Email
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