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Infogrames net loss halved, shares initially jump 5%

Infogrames has reported its full year financial results for the year ending March 31, 2008, with the main headline that the company has halved its losses on the previous year - although this is now the ninth full year of losses in a row.

Net income loss was reduced from EUR 103.1 million (USD 159.9 million) last year to EUR 51.1 million (USD 79.2 million) this year, while operating loss improved from EUR 61.8 million (USD 95.8 million) to EUR 45.5 million (USD 70.6 million) in the same period.

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