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Nintendo Co Ltd. (NTDOY)
H1 08 profit up 34%, trims outlook
H1 08 profit up 34%, trims outlook
Reuters - October 30, 2008
Submitted by apujanata (14935) at 1:19AM PST on October 30, 2008
Nintendo posted a 34% gain in operating profit for April-September thanks to brisk demand for its Wii game console, but they cut its annual outlook amid a global economic slowdown and a surge in the yen.
Operating profit is 252.2 billion yen, up from 188.78 billion yen YOY.
For the year to March 2009 Nintendo lowered its operating profit forecast by 3 % to 630 billion yen. The latest outlook is still up from 487.22 billion yen a year earlier.
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