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Atari Full Year Losses Narrow 2

Officials from Infogrames, whose games are now sold exclusively under the Atari brand, have announced the company’s full year results, in which losses have narrowed after...

David Jenkins, Blogger

May 27, 2004

1 Min Read
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Officials from Infogrames, whose games are now sold exclusively under the Atari brand, have announced the company’s full year results, in which losses have narrowed after the company reduced debt and terminated a number of less profitable distribution contracts. The company’s net loss for the fiscal year ended March 31 was €31.5 million ($38.2m), compared to a loss of €110 million ($134.8m) the year before. Sales dropped 22% to €701 million ($859.1m). However the company’s net debt was cut by a third to €313 million ($383.6m). Shares in the company had previously slumped by 44% because of the delay of Driv3r, which is now scheduled for a June release. Source: Bloomberg.com

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About the Author

David Jenkins

Blogger

David Jenkins ([email protected]) is a freelance writer and journalist working in the UK. As well as being a regular news contributor to Gamasutra.com, he also writes for newsstand magazines Cube, Games TM and Edge, in addition to working for companies including BBC Worldwide, Disney, Amazon and Telewest.

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