Bits Corp heads into profit in first half results
UK developer Bits Corp has reported its financial results for the six months ended September 30, revealing that the company has moved into profit and has strong hopes for its prospects in the coming months.
UK developer Bits Corp has reported its financial results for the six months ended September 30, revealing that the company has moved into profit and has strong hopes for its prospects in the coming months.
The company's turnover for the first half was £1.06 million, almost double the figure for the same period last year, which was £633,000. Bits reported a small profit of £23,000 for the period, turning around a loss of £556,000 in the previous year.
The company's progress is attributed largely to two products, with the results taking account of royalty income from Die Hard Vendetta (released on the Xbox and PS2 following its launch on the GameCube late last year) as well as bonus payments from Japanese publisher Kemco for the forthcoming stealth-action title Rogue Ops.
Rogue Ops was launched in the USA in late October, and will be appearing in Japan and Europe towards the beginning of next year. The company has high hopes for the title, which we awarded the gong for "Best Surprise" in our autumn games awards after London Games Week at the end of August [read more].
Bits chairman John Corre mentions in his statement on the results that the company is working on a number of other development opportunities, which it expects to announce in due course.