GAME’s Xmas sales to outstrip forecasts

GAME’s success over the Christmas period has been confirmed by a further trading update, explaining that profits before non-recurring costs and tax will now be ahead of expectations at no less than 70m”

This marks an enourmous leap from 2007’s trading performance, when profits for the year stood at 29.5m.

GAME also confirmed that non-recurring costs are expected to be around 8m, while the costs to the Group of complying with the requirements of the Competition Commission inquiry are anticipated to be around 4.5m in total, plus a non-recurring charge of approximately 3.5m, related to integration connected with the acquisition of Gamestation.

A full report on GAME’s Christmas trading performance for the six weeks up to January 12th is expected on January 15h.