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Interplay announces 2nd quarter 2002 earnings

Posted by Garrett @ Wednesday - August 14, 2002 - 18:18 -
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| Game Info | Homepage
Interplay seems to recover from the high losses of the previous years as one can see from this press release:
    For the second quarter ended June 30, 2002, the Company reported net income of $20.9 million, or $.22 per diluted share, compared to a net loss of $12.4 million, or ($.34) per share, in the same period last year. The net income reported in the second quarter of 2002 was primarily the result of the recording of a $28.8 million gain on the sale of Shiny Entertainment. Net revenues for the second quarter 2002 were $11.8 million versus $14.8 million in the same period a year ago, a decrease of 20 percent. Gross profit margin for the second quarter 2002 was 10 percent, compared to 26 percent in the second quarter of 2001. Finally, operating losses decreased 38 percent from prior year to $7.1 million from $11.4 million reported in the second quarter 2002 and 2001, respectively.
The full press release with more news can be found at Yahoo via the above link!
 
 
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