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Square Enix is ​​likely to close financial year with profit anyway

Square Enix is ​​likely to end its current financial year ending March 31, 2021 with a profit. This is evident from the latest quarterly figures of the company. (Via Games Industry)

In the first nine months of the financial year, turnover rose to around 2 billion euros, 37 percent more than the year before. Profits rose 48 percent to around 308 million euros.

It is notable that Square Enix ” HD games’ for consoles and PC will be sold in October through December by 124 percent, but during that period turned a loss of about 48 million dollars. Square Enix previously indicated that sales of Marvel’s Avengers, which appeared in September, were disappointing.

However, according to Square Enix, those losses are offset by the successful first financial quarter (March through May 2020) in which Final Fantasy 7 Remake launched.

According to the company, the numbers are picking up towards the end of the financial year, with a forecast 12.7 percent increase n profit over the previous financial year.

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Adrian Ovalle
Adrian is working as the Editor at World Weekly News. He tries to provide our readers with the fastest news from all around the world before anywhere else.

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