Mobile publisher Gameloft (GFT.PA) has broken out its profit figures for its full year 2011, the 12 months ending 31 December.
Net profit was 18.2 million (around $23.5 million), up 34 percent compared with 2010.
There were a couple of significant one-off charges and credits in this figure, however.
Gameloft took a charge of 5.3 million (around $7 million) related to console and PC social games it had previously capitalised on its balance sheet. It's now totally focused on phones, tablets and smart TV games.
It gained a tax profit of 5.7 million (around $7.5 million) due to the recognition of tax loss carry-forwards. It has 14.1 million (around $18 million) in terms of remaining unrecognised consolidated tax loss carry-forwards.
It also made a currency exchange loss of 1.1 million (around $1.4 million) due to the strength of the euro.
Cash in
As previously announced, annual consolidated sales were 164.4 million (around $213 million), up 17 percent year-on-year.
The company ended 2011 with net cash of 36.9 million (around $48 million), up 11.8 million ($15 million) during the year.
Gameloft pointed to the increasing important of smartphones and tablets to its business, with the category's share of its Q4 sales up 64 percent year-on-year to 41 percent.
News
Contributing Editor
A Pocket Gamer co-founder, Jon is Contributing Editor at PG.biz which means he acts like a slightly confused uncle who's forgotten where he's left his glasses. As well as letters and cameras, he likes imaginary numbers and legumes.
Related Articles
Top Stories
News
May 4th, 2024
PocketGamer.biz Podcast Week in Views E10 - Brawl Stars smashes 2023 revenue, Square Enix’s extraordinary losses, and Haaland signs for Clash of Clans
News
May 3rd, 2024
Week in Views - Apple back themselves bigstyle, Clash bags Haaland and dreams come true at King
Events
Mobidictum Meetup Berlin May 2024 | Europe | May 7th |
Valencia Indie Summit 2024 | Europe | May 16th |
Mobidictum Meetup Tallinn May 2024 | Europe | May 21st |
Israel Mobile Summit 2024 | Middle East | Jun 6th |
WN Conference Istanbul 2024 | Jun 11th | |
DevGAMM Vilnius 2024 | Europe | Jun 14th |
Develop: Brighton 2024 | Europe | Jul 9th |
Mobidictum Meetup Barcelona September 2024 | Europe | Sep 1st |