Some companies issued brief interim trading updates to the market Tuesday morning, ahead of imminent full-period disclosures.
Here’s the summary…
Forty percent lower Wii income pushed it to a first-half loss, with Game hoping Microsoft’s Kinnect and Sony’s Move will drive Christmas hardware and software sales…
– Revenue down 9.6 percent.
– First-half pre-tax loss £18.8 million (2009: £14.5 million profit).
– Online revenue up two percent (to four percent of UK sales).
Fundamentals came back for the 11 months to August…
— Associated Newspapers’ digital revenue up 22 percent, within cross-media six percent rise.
— A&N Media (Associated and Northcliffe) revenue down eight percent.
— DMGT revenue down seven percent, but underlying trading “remains robust”.
The magazine publisher sees an improving outlook…
— “Trading patterns have continued to stabilise year-on-year.”
— “Results for the year to 30 September 2010 will be in line with market expectations.”