Full-year earnings and pretax profits have plummeted at the united kingdom ‘s biggest independent developer and publisher of games that are online.
But Cambridge-based Jagex and the seller of RuneScape gold, stated it was positive about the future and commended the performance of its main game, adding that the group finished the year “on a large”.
According to the financial is the reason the year to 31 December 2013, Jagex noted operating profits of GBP944,833, a significant fall from GBP9.7m the year before.
Gross margin has fell from 45 percent to 31%, re?ecting the larger investment in talent through the year.
Pretax profits slipped from GBP9.8m to GBP968,123.
But other earnings, which includes revenue from advertising and the selling of goods, increased from GBP27,907 to GBP89,537 .
A declaration by company secretary R Hodgson said: “Through the year the company dedicated to its two leading names RuneScape and Transformers Universe and made a decision to stop the expansion of the Third Party Publishing division to ensure the two chief games were prioritised above other tasks.
“Revenue fell in comparison to 2012 but the conduite team is pleased with the current underlying game engagement and neighborhood opinion starting 2014, which will be stronger than the same period in the last year.
“The scenery is is continuous to be somewhat aggressive but the group is positive regarding the near future, offered the productive engagement with all the RuneScape community as well as the forthcoming start of Transformers World in the arriving ?nancial year. The organization produced the decision to invest further in Transformers Galaxy and expand the launching date into 2014.”
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