Tecmo Koei Turns Up A Profit In Q3 2012-13

Huge increase in net profit.

Posted By | On 04th, Feb. 2013 Under News | Follow This Author @Shubhankar2508


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Tecmo Koei has reported some very healthy profits in the third quarter of financial year 2012-13, ending December 31st 2012. Net profits have actually gone up a massive 290 per cent.

Revenues of ¥22.2 billion or $238.4m/£151.5m were reported by the firm for the third quarter, increasing 6.5 per cent over the same period last year. However, net profits saw a year on year increase of 291.7 per cent at ¥2.6 billion ($27.9m/£17.7m).

Game software was, of course, the main factor amounting to this huge profit. The division saw a 9.8 per cent year on year increase, reporting revenues of ¥14.6 billion, or $156.8m/£99.6m. Operating income for the division has gone up 83.6 per cent to ¥2.5 billion.

Online and Mobile was the only division that did not see an increasing, declining year over year of 10 per cent to ¥3.8 billion ($40.8m/£25.9m), with operating income dropping by 44.2 per cent to ¥418 million ($4.4m/£2.8m).

[Source]

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