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
Feature
Apr 25th, 2024
"Gaming in MENA is just starting. Investment will bring more attention to the region and create more opportunities"
Feature
Apr 24th, 2024
48 top mobile games in soft launch: Squad Busters, CSR 3, Plants vs. Zombies 3, LEGO Hill Climb Adventures, and more
Events
Esports Future Summit | Middle East | Apr 27th |
Dubai GameExpo Summit 2024 | Middle East | May 1st |
The MENA Games Industry Awards 2024 | Middle East | May 2nd |
GameDev Atlantic 2024 | May 4th | |
Mobidictum Meetup Berlin May 2024 | Europe | May 7th |
Mobidictum Meetup Tallinn May 2024 | Europe | May 21st |
Israel Mobile Summit 2024 | Middle East | Jun 6th |
DevGAMM Vilnius 2024 | Europe | Jun 14th |
Popular Stories
News
Apr 23rd, 2024
Supercell’s Squad Busters soft launches today with over 100,000 Google Play downloads
Feature
Apr 24th, 2024