Profits up 71 per cent for Playlogic

Ambitious publisher and developer Playlogic has revealed gross profit of USD 1.2 million (EUR 882,931) for the year ended December 31, 2006, up 71 per cent on the previous year.

Net revenues for the company increased substantially by 176 per cent from USD 1.8 million (EUR 1.3m) to USD 5 million (EUR 3.6m), with the publisher highlighting better distribution of its portfolio through deals with Atari and SCEE.

Playlogic's studio The Game Factory has renewed its first-party development agreement with SCEE, while the publisher has also inked a worldwide licensing agreement with Nintendo, making it an official Wii publisher.

"We expect substantial growth of revenues this year, which will vary in upcoming quarters in accordance with our release schedule," commented Willem Smit, CEO of Playlogic.

"Playlogic has an excellent line-up of titles as well as various licensing agreements that expand our portfolio of gaming platforms and will increase availability," he said.

Titles due from the Dutch company in 2007 include Age of Pirates: Captain Blood for PC and Xbox 360, Obscure II for Wii, PC and PS2 and Xyanide Resurrection for the PSP and PS2.