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EIDOS RELEASES
ANNUAL REPORT FOR '04
Copyright 2004 www.tombraiderchronicles.com
[ October 14th 2004 ]
Eidos
plc has released the Company's Annual Report and
Accounts for 2004, briefly touching on the progress
made to date on the next Tomb Raider adventure
game. The London-based publisher registered an
operating loss in comparison to last years gains
but remains optimistic of a turnaround blaming
the decline of sales on waning market conditions.
"Group turnover for the year ended 30 June 2004
amounted to £199.9 million (2003 £159 million)
reflecting a noticeable downturn in retail market
conditions in the second half, particularly in
the U.S. and our decision to defer the release
of ShellShock Nam '67 until market conditions
improved."
"The
Group recorded an operating loss before goodwill
and taxes and exceptional items of £2.0 million
(2003 £13.9 million profit.) No dividend has been
paid or declared for the year. We are working
diligently to complete the strategic review programme
with the key objective of delivering value for
share-holders whilst also seeking to secure the
best future for the Company and its employees."
Commenting
on Tomb Raider 7, Eidos said: "Our Crystal Dynamics
Studio in the US is making exciting progress in
the development of the next Tomb Raider game which
will be unveiled this Autumn and is scheduled
for release in the fourth quarter of the current
financial year. Following the internal transfer
of the Tomb Raider franchise from Core Design
to Crystal Dynamics, Core Design has been refocused
and restructured. A number of the new concept
idea and pre-production works, for both platform
and PlayStation Portable (PSP) application, are
being developed in this studio."
Looking
ahead, Eidos CEO Mike McGarvey said: "Notwithstanding
the ongoing strategic review, management remains
focused on driving the business forward and is
committed to providing the design, innovation
and technical advancement that can further improve
the game-play experience. To that end, we have
a significant release schedule planned for the
current financial year which includes a strong
mix of sequel and new franchise titles."
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