Game interim profits surge but sales decline

ELIAS JAHSHAN | March 21, 2019

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Game Digital posted mixed results in its first half, with profits surging amid a decline in sales despite a boost from blockbuster video games such as Fortnite.For the 26-week period ending January 26, the video game retailer saw pre-tax profits jump 20.3 per cent year-on-year to £14.8 million.However, revenue went down by 4.7 per cent year-on-year to £492.9 million. Game’s financial results that do not follow IFRS measures painted a slightly rosier picture. Gross transaction value was down 1.4 per cent to £578.4 million for the half-year period, and on a like-for-like basis it was broadly flat.

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