Officials from British publisher Empire Interactive have announced the company’s financial results for the six month period ended 30th June. During this period turnover fell from £18.6 million ($33.7m) to £12.1 million ($21.9m) and gross profit dropped from £11.3 million ($20.5m) at the same time last year to £6.5 million ($11.8m) this year. Pre-tax earnings also fell from a profit of £2.1 million ($3.8m) to a loss of £0.9 million ($1.6m).
The company attributed the disappointing figures to an unusually strong first half in 2003 and expects solid results for the full year, thanks to a strong Christmas line-up of titles that includes Bad Boys II
, Ford Racing 3
. The company has previously licensed a number of its titles, most recently FlatOut
, to Vivendi Universal Games for publishing in the U.S.
Empire will also continue to work with Japanese publishers, having previously published a number of Sega PC titles, with the announcement that it will publish Taito Arcade Classics
(including games such as Space Invaders
, Bubble Bobble
and Operation Wolf
) in the Europe and North America.