Bits Corp heads into the black in full-year results

British game developer Bits Corporation has announced its full-year results for the 12 months ended March 31st 2004, revealing increased revenues and a move into profitability for the firm.

Turnover for the year was UKP 1.86 million, compared with UKP 1.7 million in the previous year - representing growth of 9.2 per cent - while a profit of UKP 107,000 was recorded, reversing a pre-tax loss of UKP 582,000 in the previous year.

Bits' big title for the 2004 fiscal year was Rogue Ops, a stealth action title which was published by Kemco. Although the game's commercial performance disappointed, Bits delivered the title on time and on budget, enhancing the studio's standing in the publishing community.

More recently, Bits has been contracted by Warner Bros to develop a game based on the forthcoming movie Constantine, which is itself based on the DC Comics publication Hellblazer. Earlier this week, it was announced that SCi will be publishing the PS2 and Xbox game, which is to be released to coincide with the film in 2005.

Commenting on the results, Bits chairman John Corre singled out the company's staff for special praise, saying that "the staff have continued to make a significant contribution to the group's success, and the board of directors thank our dedicated employees for their wonderful efforts during the year."