UK Retailer GAME Posts Profit for Full Fiscal Year - News
by William D'Angelo , posted on 17 December 2014 / 2,332 Views
UK Retailer GAME has returned to profits in its full 2014 fiscal year, after posting a loss in 2014. For the year, revenue increased from £657.9 million a year ago to £861.8 million in 2014. The majority of the revenue were due to the stores in the UK, while Spain accounted for a small percentage.
GAME posted a profit of £24.8 million, while pre-tax profit was £7.3 million. This is a huge increase over the loss of £15.4 million in 2013.
"In April 2012 GAME Digital was born out of the ashes of The GAME Group plc. The company was in a difficult position and in need of an urgent and fundamental restructuring," said president David Hamid. "We set about rebuilding a new company which puts right the problems of the past and is dedicated to building a business that addresses head-on the issues of the industry in a way that will ensure our long-term future prosperity."
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A life-long and avid gamer, William D'Angelo was first introduced to VGChartz in 2007. After years of supporting the site, he was brought on in 2010 as a junior analyst, working his way up to lead analyst in 2012. He has expanded his involvement in the gaming community by producing content on his own YouTube channel and Twitch channel dedicated to gaming Let's Plays and tutorials. Outside, in the real world, he has a passion for the outdoors which includes everything from hiking to having received his B.A. in Environmental Studies. You can contact the author at wdangelo@vgchartz.com or on Twitter @TrunksWD.
