DGAP-News: Frogster Interactive Pictures AG releases Interim Report 2010 / MMO Games Publisher achieves Doubling of Revenues
(firmenpresse) - Frogster Interactive Pictures AG / Key word(s): Half Year Results
28.09.2010 07:00
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Berlin, 28.09.2010: Frogster Interactive Pictures AG has released its
interim report for the first half of 2010. The international publisher of
massively multiplayer online games based in Berlin with subsidiaries in
Berlin, San Francisco and Seoul was able to more than double the revenue in
the first half of 2010 with 11.4m Euro compared to the same period of last
year (first half 2009: 5.1m Euro). The result net of taxes and minority
shareholder interests increased to 1.4m Euro (first half 2009: 1.1m Euro).
The result per share net of taxes and minority shareholder interests came
to 0.48 Euro after 0.44 Euro in the first half of 2009. The number of
shares has increased by 375,000 to now 2,900,000 shares compared to the
publication date of the interim report 2009.
The non-proportional improvement of the result compared to the revenue
growth mostly follows from positive extraordinary effects in the previous
year's first half year at the amount of 0.24 Euro and negative
extraordinary effects in the first half year 2010 of -0.07 Euro per share
net of taxes and minority shareholder interests. The result adjusted by
extraordinary effects amounted to 0.55 Euro (first half 2009: 0.20 Euro)
per share net of taxes and minority shareholder interests. The overall
result equals a net operating margin of 12.3 percent.
With 7.5m Euro, the cash position has nearly tripled compared to the end of
the last business year (end of 2009: 2.6m Euro). The board of management
considers this as sufficient. The equity ratio amounts to 71 percent.
Frogster has no bank liabilities.
The German interim report 2010 is available for download at
www.frogster.de.
Update on current revenues
The management expects a noticeable revenue growth in September compared to
August 2010, the third quarter however should close beneath expectations
due to the previous months. Should revenues not rise significantly again
from October onwards in contrast to the unchanged expectation of the
management, this would naturally have to be considered for the adjustment
of the guidance for the result 2010 which was already announced for other
reasons. The adjustment shall take place end of October.
Frogster Interactive Pictures AG, Tel. +49 (0)30-28 47 01-0
28.09.2010 07:00 Dissemination of a Corporate News, transmitted by DGAP -
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The issuer is solely responsible for the content of this announcement.
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Frogster Interactive Pictures AG
Hardenbergstr. 9A
10623 Berlin
Deutschland
Phone: 030 / 284701-10
Fax: 030 / 284701-11
E-mail: frogster(at)ir-services.de
Internet: http://www.frogster-ip.de/
ISIN: DE000A0F47J1
WKN: A0F47J
Indices: Entry Standard Performance-Index
Listed: Freiverkehr in München, Düsseldorf, Berlin, Stuttgart; Open
Market (Entry Standard) in Frankfurt
End of Announcement DGAP News-Service
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Datum: 28.09.2010 - 07:00 Uhr
Sprache: Deutsch
News-ID 32260
Anzahl Zeichen: 0
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Kategorie:
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