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Share Name | Share Symbol | Market | Type |
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Aptargroup Inc | TG:AGT | Tradegate | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 130.70 | 129.70 | 131.60 | 0.00 | 11:27:51 |
RNS Number:7191H Argonaut Games PLC 20 February 2003 For Immediate Release 20 February 2003 Argonaut Games Plc ("Argonaut" or "the Group") Trading update For the six months to 31 January 2003 Argonaut today announces an update on trading for the six months to 31 January 2003. The Board is pleased to report that the Group's Harry Potter titles have performed in line with forecasts, earning #2.2m in royalties for Argonaut during the half year. Harry Potter and the Chamber of Secrets, developed by Argonaut on the PS one for Electronic Arts Inc, was released on 16 November 2002. This was the second Harry Potter game developed by Argonaut on the PS one and, like its predecessor Harry Potter and the Philosopher's Stone (Harry Potter 1), it captured the number 1 position in the UK PS one charts giving Argonaut its sixth hit game to sell more than a million copies. The title remained at number one for five weeks and continues to sell across all territories, as does Harry Potter 1. Following the change of publisher from Sierra Entertainment Inc to Vivendi Universal Games Inc, as a result of restructuring within the Vivendi group, the release of Malice has been delayed from Quarter 1 until the autumn of this year. This is to allow further development time to accommodate editing and game play alterations and so make a uniformly high quality title. This delay will have a significant impact on the Group's results for the financial year to 31 July 2003 in terms of royalty potential, the additional development costs and the fact that the team cannot be allocated to an advance-earning new project. The development of Malice commenced before the 2002 implementation of our new project management systems, which are specifically designed to prevent this type of delay occurring at the completion stage of a game. Although any delay to the launch of a game is very disappointing, we believe the maintenance of the very high quality standard of Argonaut's games is of vital importance to the Group's long-term performance and reputation. Development of the Group's other games continues and we are pleased to announce that Kung Fu Chaos, developed by JustAddMonsters our Cambridge studio for Microsoft, will be released on 11 April in Europe and 25 February in the USA, some six weeks earlier than planned. This game has already received very strong reviews in the industry press and we look forward to it being a major success on the Xbox platform. Argonaut expects to announce its interim results for the six months to 31 January 2003 on 12 March 2003. For further information, please contact: Argonaut Games PLC 020 8951 6000 Jez San, Chief Executive Joss Ellis, Chief Operating Officer John Crilly, Finance Director www.argonaut.com Buchanan Communications 020 7466 5000 Bobby Morse / Isabel Petre This information is provided by RNS The company news service from the London Stock Exchange END TSTGUUBPPUPWGQB
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