JKKDARK
July 31st, 2007, 04:23
via MCV (http://www.mcvuk.com/news/27900/Sega-Sammy-loses-42-million-in-Q1)
Japanese games firm Sega Sammy Holdings has reported a 2.4 billion Yen ($42.8 million) loss for the three-month period ended June 30th.
In the same period a year before, the parent of Sega Europe posted an operating income of 2.8 billion Yen.
Net sales were up 11 per cent year-on-year, however, climbing from 85.62 billion Yen ($722 million) to 95.42 billion Yen ($803 million).
The company attributed much of the losses to research and development costs associated with its video games division.
Japanese games firm Sega Sammy Holdings has reported a 2.4 billion Yen ($42.8 million) loss for the three-month period ended June 30th.
In the same period a year before, the parent of Sega Europe posted an operating income of 2.8 billion Yen.
Net sales were up 11 per cent year-on-year, however, climbing from 85.62 billion Yen ($722 million) to 95.42 billion Yen ($803 million).
The company attributed much of the losses to research and development costs associated with its video games division.