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Square Enix reduces losses but still in the red

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1.6 billion loss ain't good news

To say that Square Enix appears to be in a confusing position would be putting it mildly. It seems that includes the company's financial situation, as the publisher posted its financial results for the second quarter of 2013 and whilst the losses are reduced, the company still booked a ¥1.6 billion ($16.2 million) loss.

The company has "implemented a change in its development policy, and conducted a comprehensive review on work-in-progress game titles for the three-month period ended June 30, 2013." There's no word on whether this review will affect any games currently in development but it seems likely Square Enix will keep trucking on as is, still developing on consoles, PC, and the mobile market.

Square Enix cuts quarterly losses by 75% remains in the red [GameIndustry International]


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Alasdair DuncanContributor // Profile & Disclosures
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Alasdair Duncan is that bearded, bespectacled Scotsman that covers PC gaming that is not Fraser Brown. A long time Destructoid community member and forum moderator, he covers adventure, puzzle, F... more


 



#Developer stuff #Money #Square Enix
 


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