Citing what it claims is an increased rate of monetisation, Japanese social mobile gaming outfit GREE has re-stated its financials for FY12, the period ending 30 June 2012.
It now expects to generate net sales of between ¥130 - 140 billion (around $1.7 -1.8 billion).
Such figures represents a massive jump of 40 percent or more on the firm's previous projections, and would be more than double the ¥64.2 billion ($794 million) in net sales the firm recorded in 2010.
It would also see the company getting much closer to parity with its Japanese rival DeNA. Previously its sales have been around half that of DeNA's.
Up and up
As you might expect, a rise in revenue expectations is coupled with equally bullish projections when it comes to operating profit, which GREE believes could come in somewhere between ¥60 billion and ¥70 billion ($765 million to $895 million).
That would signal a significant rise - again between 40 to 50 percent compared to from the ¥31.1 billion recorded last year.
Re-stated net income is likely to be between ¥33 billion and ¥39 billion ($422 million to $500 million) more than double the figure recorded in 2010.
GREE commented that while paid service sales had been "stable" during the firm's most recent quarter, monetisation of the company's social output has been "increasing at a higher rate than originally expected".
It's growth that should enable the firm to offset "increased labour costs and recruiting costs with the expanding business" and those related to opening offices outside of its Japanese base.
[source: GREE]
News
With a fine eye for detail, Keith Andrew is fuelled by strong coffee, Kylie Minogue and the shapely curve of a san serif font.
Related Articles
Top Stories
News
4 hours, 23 minutes ago
PocketGamer.biz Podcast Week in Mobile Games E14 -Supercell's Squad Busters goes global and why Steam does discoverability better than mobile
News
May 31st, 2024
Week in Views - Squad Busters goes global, broken app stores, and Hill Climb Racing gets the LEGO treatment
News
May 31st, 2024
Mobile Movers: All the latest appointments and job moves from around the industry
Events
Indie Game Fest & Indie Campus 2024 | Europe | May 31st |
Indie Craft K-Game Festival 2024 | Europe | May 31st |
BostonFig Online 2024 | Jun 1st | |
GameSummit Summer 2024 | Jun 1st | |
Gotland Game Conference 2024 | Nordic | Jun 3rd |
Games Mental Health Summit 2024 | Europe | Jun 3rd |
Dev Play Conference 2024 | Europe | Jun 3rd |
Tribeca Games Festival 2024 | North America | Jun 5th |