GungHo struck by sales decline

Quarterly sales and profits at Puzzle & Dragons developer and publisher GungHo have fallen 12 per cent to $238m during the last quarter, according to the company’s latest financials.

As reported bySerkan ToTo, sales only fell slightly by five per cent to $424m compared to the previous quarter. It was noted this is the first time figures have dropped since the start of 2012.

It should be noted however the sales and operating profits are still up significantly from the end of 2012 and the start of the year.

Despite the decline, the publisher also still has a market cap of around $9.3 billion.

Develop has more details.