informa
2 min read
News

Playlogic Sees First Time Full Year Profits, Doubles Sales

Publisher Playlogic Entertainment has announced its financial results for fiscal year 2007, reporting sales of $10.1 million, a doubling over the year prior, also announcing that the company has seen a full year profit for the first time since its opening
Publisher Playlogic Entertainment has announced its financial results for fiscal year 2007, reporting net revenues of $10.1 million, a doubling of revenues over the year prior. Playlogic attributes the growth primarily to a higher number of published titles and higher sales per unit, also adding that profits for the year reached $0.7 million, compared to losses of $12.5 million the year prior. Currently, the company says its in-house studio, Playlogic Game Factory, has extended its first-party contracts with Sony Computer Entertainment Europe on undisclosed projects. Additionally, Playlogic plans to move to a new headquarters in Amsterdam in May, and will shift its focus to a higher ratio of console versus PC titles. Its Q1 2008 releases include Xyanide Resurrection PC, Dragon Hunters DS, Simon the Sorcerer 4-Chaos Happens, Obscure 2 for the Wii, and Aggression–Reign over Europe. Playlogic CEO Willem Smit commented, "For the first time since we started in 2002, Playlogic has realized profit for a full year. We are very pleased about this achievement and we expect this to be a turning-point towards further growth of revenues and profit. It is also an important milestone for all our shareholders and investors who put their trust and money in our company over the past years."

Latest Jobs

Treyarch

Playa Vista, California
6.20.22
Audio Engineer

Digital Extremes

London, Ontario, Canada
6.20.22
Communications Director

High Moon Studios

Carlsbad, California
6.20.22
Senior Producer

Build a Rocket Boy Games

Edinburgh, Scotland
6.20.22
Lead UI Programmer
More Jobs   

CONNECT WITH US

Register for a
Subscribe to
Follow us

Game Developer Account

Game Developer Newsletter

@gamedevdotcom

Register for a

Game Developer Account

Gain full access to resources (events, white paper, webinars, reports, etc)
Single sign-on to all Informa products

Register
Subscribe to

Game Developer Newsletter

Get daily Game Developer top stories every morning straight into your inbox

Subscribe
Follow us

@gamedevdotcom

Follow us @gamedevdotcom to stay up-to-date with the latest news & insider information about events & more