News: Sega Sammy swings to profit, game sales down
Sega Sammy has swung to a profit for the nine months ended December 31, with a net income of ¥16.9 billion (£120.8m / $189.5m), compared to a net loss of ¥10.8 billion (£77.4m / $121.3m) for the same period last year.
Net sales for the period were down 7.7 per cent, to ¥285.3 billion (£2.03bn / $3.1bn), and operating income ¥ 28.8 billion (£205.9m / $322.9m), up from a ¥2.7 billion (£19.6m / $30.8m) loss the prior year.
However, game sales in the Consumer Business for the nine months were down over 13 per cent to ¥83.1 billion (£592.5m / $929.8m), although the division swung to an operating profit of ¥1.4 billion (£10.1m / $15.8m), from a loss of ¥5.6 billion (£40.2m / $63.1m) for the same period last year.
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