Gaming

Konami predicts 88% rise in profits

Published Sunday, Nov 2 2008, 13:14 GMT | By Mark Langshaw
Konami predicts 88% rise in profits
Konami has revealed that it expects profits to rise by 88% by the end of the current fiscal year due to sales of PlayStation 3 exclusive Metal Gear Solid 4: Guns Of The Patriots.

The Tokyo-based developer's forecast predicted that operating income will increase 74.8% to JPY 22.8 billion (£143 million), with revenues up 9.8% to JPY 146.9 billion (£924 million).

Other factors attributed to the anticipated rise in profits were strong sales of card games products and products for arcades.

Full financial results are released on November 6.
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