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)
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