HomeNewsFeaturesJobsEducationResourcesDirectory

GAME issues trading update

Retailer predicts higher profits following a strong Christmas performance

The GAME Group has issued a brief statement noting that it has enjoyed a "continued strong sales performance" over the Christmas period, and since its last trading update on December 11.

The company's financial year, which is due to end on January 31, should now yield profits of at least GBP 70 million, up from GBP 29.5 million last year, despite the recent costs of integrating GameStation into its business and complying with the Competition Commission's investigation.

The company will provide a full report of the Christmas trading period for the six weeks to January 12 on January 15.

Comments

To comment on this article, or view other users comments, you need to register for the GamesIndustry.biz Network.


In Related News

GAME

GAME reports record £36.4m first half profits

Morrisons move to start a "bloody war" in UK retail

GAME Group shares drop 18%

Newsletter Signup

Sign up to the FREE GamesIndustry Newsletter and receive a comprehensive round-up of industry news and info.


GamesIndustry.biz is the world's most read and influential games industry website. But don't just take our word for it!

"GamesIndustry.biz is a vital and relevant news channel for the video game industry and a daily 'must-read' site."

Phil Harrison

Latest announcements courtesy of GamesPress