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SCI PLC ANNOUNCES £8.1 MILLION PROFIT
Copyright 2006 Eidos plc Press Release

[ September 27th 2006 ]

SCi Entertainment Group said on Wednesday its core earnings have reached 28.8 million pounds ($54.58 million) in the year to June 30, on revenue of 179.1 million and a pretax profit of 8.1 million. The results to 30 June 2006 are the first full year results following SCi's acquisition of Eidos PLC in May 2005.

Chief Executive's statement Jane Cavanagh said. "Total revenues for the year were 179.1 million. This was approximately 12 million (7%) higher than our original target. EBITDA before exceptional items and share based compensation for the 12 months to 30 June 2006 was 28.8 million.

"This is 25% higher than our original target of 23 million. Both revenues and earnings were higher than in the previous financial period because of our acquisition and integration of Eidos. Our strong level of revenues has given us nearly 5% share of the UK market in 2006, which compares favourably to companies such as Sony and Nintendo with a 6% market share, (source Charttrack August 2006)

"The largest contribution to revenue and profitability was Tomb Raider Legend. This product was launched on Xbox 360, Xbox, PS2 and PC in April 2006 and on PSP in June 2006. During the financial year we sold over 2.9 million units of Tomb Raider Legend to retailers and distributors.

"This performance was higher than the Group's original forecast and has made Tomb Raider Legend the highest selling new release in the UK in 2006 to date (source Chattrack August 2006). Tomb Raider Legend continues to sell well during the 2007 financial year.

"The largest contributions to revenues and profitability were from Tomb Raider Legend, Hitman Blood Money and the distribution of Lego Star Wars. The strong performances of these products were the principal reason why the Group exceeded its profit targets for the year.

The largest contributions to revenues and profitability were from Tomb Raider Legend, Hitman Blood Money and the distribution of Lego Star Wars. The strong performances of these products were the principal reason why the Group exceeded its profit targets for the year.

Looking ahead to 2008, Jane Cavanagh said. "We will continue to exploit established brands. During the 2007 financial year we will release Tomb Raider Legend on the Nintendo Gamecube, DS and GBA platforms.

"In the second half of the financial year we plan to launch an Anniversary edition of Tomb Raider, celebrating ten years of the legendary Lara Croft. We will launch a new version of Championship Manager, fully updated for the 2006/7 football season achieving our objective of moving this franchise to an annual release early in the football season.

"Our 2008 products will include new versions of Tomb Raider (including a PS3 version) and many of our other key franchises. We also plan new franchises, including completely new products from both Crystal Dynamics (developers of Tomb Raider) and Io Interactive (developers of Hitman and Kane & Lynch)."


 

 

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