Playlogics Q3 revenue drops 70%

Dutch publisher Playlogic has reported disappointing figures for its fiscal third quarter which show revenues of 740,000 – a number that’s 70 per cent down on the revenues reported in the same period last year.

Gross profits were also down significantly, hitting just 200,000 – substantially down on the previous year’s 1.3 million.

On the up were operating losses, which totalled 1.9 million. In the same period last year the firm posted an operating profit of 335,000. The overall result was a net loss of 2 million for the quarter representing a stark change of fortunes when compared to 2007’s Q3 net profit of 1.3 million.

The publisher blamed the results mainly on the delay of a number of products including Age of Pirates 2: City of Abandoned Ships, Sudoku Ball Detective and Vertigo.