Prism surges on computer games boost
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.SHARES in Prism Leisure, which stood at 58p a year ago, closed at 150p yesterday, a rise of 10p on the day, after the USM-quoted music and games group revealed a 37 per cent rise in pre-tax profits to pounds 1.34m, writes Topaz Amoore.
Shareholders enjoyed a 20 per cent increase in the total dividend as the computer games division, selling Nintendo and Sega products as well as old-style electronic games, exceeded expectations.
Robert Skelton, finance director, acknowledged that the craze for high- tech games may not last but was confident that the German subsidiary, established last year, would open up new markets in Europe.
'There will inevitably be a flattening off in demand because there's been such an explosion in the last two years. But we feel that where sales have really taken off in the UK, there is still an undeveloped Continental market where they are still playing the older-style games.'
Sales rose by pounds 2m to pounds 15.5m in the year to 28 March. Prism has pounds 1.5m cash, but warned that its board games division, Paul Lamond Games, would be a drain on cash in the months leading up to Christmas.
Earnings per share increased from 8.4p to 10.4p. A final dividend of 2.37p, up 20 per cent, gave a total for the year of 3.27p.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments