Press releases

THE GAME GROUP PLC - Interim Results for the six months ended 31 July 2003

23/09/2003

Highlights

  • Turnover up 8% to £231m (£215m) with like for like sales down 0.3%
  • Gross Margin percentage maintained in competitive market
  • Half year profit, before goodwill amortisation, of £2.1m (£3.1m) – only the 4th time in the Group’s history a profit has been achieved in the first half
  • 23%* year to date growth in UK installed base of key hardware formats together with imminent release of strong titles augurs well for Christmas trade
  • Interim dividend increased by 11% to 0.5p reflecting your Board’s confidence in the prospects of the Group

Peter Lewis, Chairman said:-

  • “These are solid and reassuring results coming on top of last years’ 50% sales increase. The stage is set for an exciting Christmas.”

For further information please contact:

Martin Long, Chief Executive Designate & Chief Financial Officer
Lisa Morgan, Deputy Chief Executive Designate
Simon Soffe, Head of PR & Communication
The GAME Group Tel: 01344 464515
Nic Bennett / Ben Foster / Charlie Armitstead
Financial Dynamics Tel: 020 7831 3113

* source: ChartTrack (includes PS2/ Xbox/ Gamecube/ GBA/ SP)

View the full press release in PDF format.

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