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Earlier I was reading a thread under general economy section with a thread titled MindArk released a new financial report: How financially healthy is MA
But the info originally provided is outdated. So I did some reseach, and posted there with some updated info
As one can see at the bottom, based on Wikipedia, looks like MA/FPC is not in good financial health, and selling planet calypso. The original document, wikipedia is referring to, is a PDF file in swedish.
Can anybody shed some light on this?
Thanks
But the info originally provided is outdated. So I did some reseach, and posted there with some updated info
Financial report of MA in English and Swedish
Semi-annual report First half of 2009 in english
Looks like not bad or good as of July 2009.
Results for the First Half of 2009 (Copied from the report in the 2nd link)
....On the whole, MindArk’s focus during this year on investment in product
development and organization, combined with the very weak economy, has
resulted in stagnation of income for the MindArk Group.
Users’ net contribution for the first 6 months was 32 million SEK, compared to
34.5 million the previous year, a decrease of 7%.
The Group’s operating profit was 10.6 million SEK compared to 3.3 million SEK
the preceding year. Activated development costs of 11.6 million SEK are
included in that total, compared to 0 SEK the previous year....
Don't know what is happening after july 2009 since the reports are in swedish.
But the information available at the bottom of wikipedia is somewhat alarming!!!!!!
.......On 15 Jun 2010 parent company MindArk AB released it's 2009 annual report. They reported a cash flow of -18.6 Million SEK (-$2.4M). In the report it states that the real life bank they were planning to start is on hold due to a lack of funds. MindArk also says they have a signed letter of intent to sell their original virtual planet, Planet Calypso, for a price of $6,000,000 USD to an unnamed company.......
As one can see at the bottom, based on Wikipedia, looks like MA/FPC is not in good financial health, and selling planet calypso. The original document, wikipedia is referring to, is a PDF file in swedish.
Can anybody shed some light on this?
Thanks
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