Mad Catz Profits Rise As Sales Slip

Officials from video game peripheral maker Mad Catz Interactive have announced the company’s fourth quarter fiscal results. During this period profits rose to $465,252 while earnings amounted to one cent a share compared with $96,868 or zero cents per share a year earlier. Sales, however, dropped from $21.6 million last year to $21.1 million. This decrease was attributed to the loss of an international contract to make PlayStation 2 memory cards. For the full year, earnings fell to $1.05 million or two cents per share from $1.2 million or two cents per share last year. Sales though, increased 11.4% to $102.1 million. Source: CBC News