UBISoFT huge losses

[Icewolf]

Ubisoft's net loss for the 2011 fiscal year ended March 31 increased 5 percent from the year before to €52.1 million ($74 million)

unless they are cooking the books your right I don't understand business at least not this kind, I'll not be buying any of their stocks

[Goanna]

Originally Posted by Icewolf

Ubisoft's net loss for the 2011 fiscal year ended March 31 increased 5 percent from the year before to €52.1 million ($74 million)

unless they are cooking the books your right I don't understand business at least not this kind, I'll not be buying any of their stocks

They don't make it easy to read this stuff, but they 5% that they are quoting is the % of sales(52.1/1038.8 ). They reported a 43.7M loss in 09/10 so the actual increase in loss is 19.2% ie (52.1-43.7)/43.7 Actually all the %'s in the screenshot below are calculated based on the Sales figure.

This pic is from this report here.



Dunno how they figured out the Operating Income/(loss) as (80.4) when 2 lines above it say 29.4 The net cash position doesn't look too shabby though

[Icewolf]

Perhaps a clever way to avoid taxes