Eidos Profits Jump 30%

Representatives from Eidos Interactive have announced the company’s interim results for the six months to 31st December 2003. During this period the company saw operating profit, pre goodwill and exceptionals, up 30% to £7.1 million ($13.1m). Profits after tax were also up by 42% to £6.2 million ($11.4m), with a gross margin improvement from 51.3% to 62.2%. Turnover, however, was down from £88.9 million ($164.1m) last year to £78.7 million ($145.2m), which the company blames on the weak dollar and the relative failure of two of its titles – namely Commandos 3 and Legacy of Kain: Defiance. The company also revealed that it paid £23 million ($42.4m), in cash and stock, for yesterday’s announced purchase of Danish developer IO Interactive. Source: Eidos