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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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