Eidos Parent Loses $177 Million During Fiscal 08 Year

SCi Entertainment, the parent company of game publisher Eidos, today announced that during its past fiscal year it lost $177 million dollars. That compares to a loss of $24 million during its 2007 fiscal year. Revenues declined to $212 million, down from $230 million in 2007.

Top selling games, contributing to a total of 7.1 million units sold, included Kane & Lynch (1.4 million units), Tomb Raider: Anniversary (1.0 million units) and Conflict Denied Ops (0.5 million units).

Despite the lower numbers, gross profit did increase ($100 million vs $97 million), as did the gross profit margin (from 42.2% to 47.2%)

During the year, the company cancelled projects and axed staff. According to CEO Phil Rogers, SCi has emerged "as a stronger business and over the next year we will see the results of our restructured and revitalised operation."

Upcoming titles from SCi's Eidos unit include Tomb Raider: Underworld, Just Cause 2, and Batman: Arkham Asylum.