Unbalanced schedule sees Gameloft post FY14 Q2 sales down 0.4% to $73.5 million

Gameloft (EPA:GFT) has announced its financials for FY14 Q2, the three months ending 30 June 2014.

Sales were $73.5 million (€55 million), down 0.4 percent year-on-year.

However, combining quarters into a half year report, Gameloft saw sales up 2 percent to $149 million (€111.3) million.

Gameloft also pointed out this would have been a rise of 10 percent if currency exchange changes were stripped out of the year-on-year comparison.

Looking to tail end

As with Q1, the reason of the flat sales was a lack of major releases in the quarter.

Gameloft expects to launch 12-15 new games in 2014, but to-date has only released four during the first six months.

It expects the likes of Modern Combat 5, Ice Age Adventures, Spider-Man Unlimited, God of Rome  and Brothers in Arm 3  to boost its performance in the latter months.

To that extent, it remains positive, predicting full year sales up 5 percent to $328 million (€245 million).

[source: Gameloft]