Swedish/Russian publisher G5 Entertainment (G5EN:Stockholm) has announced its preliminary results for 2012.
With some information still being collated, the company predicts annual sales of around $12.3 million (SEK 80 million), up 72 percent compared to 2011.
Operating profits were around $3.8 million (SEK 25 million), up 42 percent.
A full report will be released on 25 February.
Christmas presents
According to CEO Vlad Suglobov, December was an especially strong period for the publisher, which is focused on mobile free-to-play games including franchises such as Virtual City, Supermarket Mania and Stand O' Food.
December sales were up 60 percent, with Suglobov commenting, "Once again holiday season set another record for G5.
"People around the world unpacked smartphones and tablets they received as gifts and rushed into the application stores to download games. As a result, millions of new players were introduced to G5's large portfolio of family-friendly games, and daily sales set a new record."
Unlocking capital
In addition, in order to help it hit its longterm target of annual sales of SEK 300 million ($45 million), G5 has decided to apply for a listing on the Stockholm NASDAQ OMX exchange in the second half of 2013.
This will increase liquidity in its shares and provide better access to institutional investors.
G5 says as part of the listing process, it will consider whether it needs to raise further investment to ensure it takes full potential of growth opportunities.
As we pointed out in our round up of 2012 shares, G5 Entertainment was the joint best performer, alongside Korean outfit Com2uS.
[source: G5 Entertainment]
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.
Top Stories
News
2 hours, 32 minutes ago
Q4 2024 was EA’s strongest for mobile, but it still only earned them $307 million
News
5 hours, 2 minutes ago
Krafton teases AI-developed games as "limited" voice actors, writers, and level designers get the boot
News
6 hours, 32 minutes ago
PUBG maker Krafton generated 60% of record-breaking $487.7m Q1 earnings from mobile
Feature
May 7th, 2024
Mobile Mavens: The industry has its say on Squad Busters ability to draw in “untapped audiences” with its “influence from a range of genres”
Feature
May 7th, 2024
Hot Five: Supercell’s Squad Busters supremacy, Brawl Stars bounces back, and a games industry journey at King
Feature
May 7th, 2024
April 2024 mobile game charts: Call of Duty: Warzone Mobile loses launch momentum and Brawl Stars’ astronomical rise
Events
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 |
Devcom 2024 | Europe | Aug 18th |
Gamescom Cologne 2024 | Europe | Aug 21st |