Bits stays in profit with solid first half
British independent developer Bits Corp has announced its interim results for the six months ended September 30th, revealing that both revenues and profits at the firm have remained stable year-on-year.
British independent developer Bits Corp has announced its interim results for the six months ended September 30th, revealing that both revenues and profits at the firm have remained stable year-on-year.
The AIM-listed company announced a profit of UKP 35,000 on turnover of UKP 1.05 million for the first half, compared with profit of UKP 23,000 on turnover of UKP 1.06 million in the same period last year.
"Our conservative approach has enabled us to weather the current market conditions with the group's cash position being healthy," commented Bits chairman John Corre. "Our approach is to grow through strategic partnerships and collaborations that will allow us to mitigate risk in order to deliver steady and sustainable growth."
During the first half, Bits signed a deal with Warner Bros Interactive Entertainment to develop a game based on the forthcoming movie Constantine, which is being created for the PS2 and Xbox consoles and will be published by SCi Games (and distributed in North America by THQ) in February 2005.
According to today's statement, the company is also working on a number of other development opportunities, and hopes to make announcements regarding these as soon as they come to fruition.