SCi WILL RESTORE
EIDOS PLC TO PROFIT
Copyright 2005 www.tombraiderchronicles.com
[ June 17th 2005 ]
Cavanagh, Chief Executive of SCi Entertainment
Group, has outlined her strategy to restore newly
plc to profit within 12 months during the
Company's interim results for the six months to
31 March 2005.
acquisition of Eidos by SCi has resulted in a
combined Group with a major global presence in
the growing video games industry." Jane Cavanagh
said. "Our intellectual property portfolio, which
Conflict and Championship Manager, is one of the
strongest in the industry. Our strategy to restore
Eidos to profitability is well underway and we
are confident this will be achieved in the year
ending 30 June 2006."
now the UK's largest computer and video games
publisher and a leading player in the global industry
with ownership of some of the most talented video
game development studios in the world.
on Eidos' performance since acquisition, Jane
Cavanagh said: "Eidos has traded strongly since
acquisition. It is distributing Lego
Star Wars (released in April 2005) which has
sold 1.3 million units in six weeks and achieved
the number one UK chart position. "
Group posted losses before tax of £3.8 million
in six months to 31 March 2005. The Company has
reviewed accounting policies in the light of new
market position and forthcoming implementation
of International Financial Reporting Standards.
A change of financial year-end to 30 June has
been actioned to correspond with Eidos.