UK specialist retailer, GAME, has announced operating profits of £6.1 million for the financial year ending January 31st 2007, three times last year's figures.
Overall sales were up from £645.1m in 2006 to £801.3, while like-for-like sales rocketed to £16.2m, up significantly from £4.2m last year. Online, profits more than doubled, rising from £0.7m in 2006 to £1.5m this year. 'Like-for-like' figures represent sales from stores that have been open for more than two years.
Speaking about expectations for the forthcoming year, GAME chairman Peter Lewis, a happy man today no doubt, commented:
"We have seen a strong start to the year, in what is traditionally a quiet sales period for GAME, thanks to the PS3 launch and hope to continue to build on our success throughout the year."