Konami H1 FY2019 Results – Increased Revenue but Flat Profits
https://wccftech.com/konami-h1-fy2019-results-increased-revenue-but-flat-profits/
At the end of the first quarter Konami (TYO:9766) revealed that they are expecting a strong financial year. The reasoning behind this is due to an increase in investment in the company’s digital entertainment (video games) segment. Understandably, this increase in investment hasn’t made an impact as of now – though that’s is to be expected, it likely won’t reap major rewards for a period of time.
This isn’t to say that the first half hasn’t been decent for the company or, in particular, the second quarter. The current financial report shows that profits have remained flat, generating ¥25.02 billion, a 0.1% year on year increase from last years ¥44.95bn last year. While this may be the case, revenues have risen 5.9% YoY, from last years ¥115.35bn to ¥122.16bn. This indicates that the second quarter saw revenues of around ¥63.6bn with profits of around ¥13.2bn.