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EIDOS REPORTS
FURTHER LOSSES
Copyright 2001 www.bbc.co.uk
[ May 31st 2001 ]
The
extraordinary powers of Lara Croft failed to prevent
UK computer games maker Eidos doubling its losses
for the year to March to £21m. The worsening performance
reflected an industry-wide downturn, as consumers
waited for new consoles such as the Sony Playstation
2 to hit the market, the company said. But the
losses were stemmed by the new Who wants to be
a Millionaire? title, which has become one of
the best selling games in UK history.
Eidos
will release 20 titles this year, but there will
not be a new version of its popular Tomb Raider
series with Lara Croft despite the release of
the film. "The Tomb Raider film is due for release
by Paramount in June in the US and July in the
UK and we expect this will build further awareness
of the franchise in the mass market," said Eidos
chief executive Michael McGarvey. Eidos' full
year results showed an loss before interest, tax,
write-downs and exceptional items of £20.9m, versus
a loss of £9.7m the previous year. The company
expects to return to profit in the current financial
year.
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