Video game retailer Game Digital is celebrating success in its first full-year results statement since its return to the stock market with a 31% rise in revenue and market share gains in both the UK and Spain.
In the 52 weeks ended July 26th, in which it listed on the London Stock Exchange, the company saw a “robust performance” with operating profit rising to £24.8 million from a loss of £3.3 million the previous year.
David Hamid, chairman, said: "GAME has delivered a strong performance in what has been a transformational year for the company, which included our successful IPO in June. We are a dynamic and well-funded company with a strong platform from which to build and drive further growth and profitability."
Martyn Gibbs, CEO, said: "I am proud of the achievements of our teams in both the UK and Spain over the last 12 months. Their hard work has delivered a robust performance for 2014, but more importantly, it has placed the Company on a sound footing to deliver success in future years. Our financial strength, together with the investments we have made, position us well to capitalise on the opportunities ahead.
"Our gaming communities lie at the heart of our business and we remain focused on working closely with our supplier partners, innovating and investing in our offer, to ensure we consistently deliver the best interactive gaming experiences possible.
"As we move into the key trading months of the year we are encouraged by the strength of the line-up of new physical and digital games being launched and are well positioned, with exclusives secured on many of the major pre-Christmas new game releases, great deals on both mint and preowned, increased supplier credit, and financing facilities in place in both the UK and Spain."