Japanese publisher Sega Sammy has reported a net income of $189.5m for the nine months ending December 31st. The news is all the sweeter for the firm as in the same period a year before it suffered a $121.3m loss.
There were also sharp increases in operating income, which hit $322.9m ââ¬â in 2008 a $30.8m loss was reported. Less positive news was to be found elsewhere in Segaââ¬â¢s filing, however, with net sales falling 7.7 per cent to $3.1bn.
Looking at the consumer business in isolation, a profit of $15.8m was achieved compared to 2008ââ¬â¢s $63.1m loss. Sales fell 13 per cent to $929.8m
Unsurprisingly, Sega said the results would have been even better were it not for 2009ââ¬â¢s economic struggles. However, a better 2010 is expected because the publisher foresees hardware price drops on the horizon.
ââ¬ÅWhile domestic sales were mostly firm thanks to streamlining development by narrowing down on titles, overseas sales were weaker than expected following the adverse market condition,ââ¬Â a company statement read.
