SEGA returns to profitability
News
Net profits of £20 million.
SEGA Sammy posted a net profit of ¥2.5 billion ($32m / £20m) for the quarter ended June 30, 2012, versus the ¥2.2 billion loss in the same quarter last year, reports GamesIndustry.
The turnaround comes amidst the firm's restructuring of its US and European business, which includes the closing of many European offices and concentrating on successful core IP such as Sonic, Football Manager, Aliens and Total War.
SEGA's financial report pointed to "weakened demand" for packaged games, blaming the poor economic climate in the US and Europe.
Total sales of packaged games came to 1.34 million for the quarter, with the only major release being London 2012.





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Endless@ rbevanx
rbevanx@ CheekyLee
Someone in my college loved it and couldnt stop talking about forklifting because of it.
CheekyLee@ Lew3107
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