Copyright 2001 www.netimperative.com
[ September 25th 2001 ]
with its regular 3-month post-results drubbing,
UK computer game publisher Eidos has taken the
unusual step of abandoning further quarterly announcements,
reverting to publishing only interim and full-year
claimed that this reporting timetable is more
appropriate given the seasonal nature of the group's
revenue flows and will result in a permanent reduction
in administrative effort and associated costs.
It also reduces the loveless contact the company
has with the market since it started posting disappointing
sales figure over the past 18 months.
came as Eidos reported results for the first quarter
of 2002, detailing sales of £12.2m, down 27% from
last year and an operating loss of £11.1m. Shares
in the company dropped, for the last time on quarterly
results, 9.5p (-4.7%) to 192p.