Optimistic Nintendo counting on profits

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iol scitech april 26 nintendo pic

REUTERS

Videogame giant Nintendo said its net loss for the April-June quarter shrank by about a third.

Tokyo - Japanese videogame giant Nintendo on Wednesday said its net loss for the April-June quarter shrank by about a third, and added that it still planned a return to profitability in the current fiscal year.

Nintendo posted a net loss of 17.23 billion yen ($220 million) for the three months through June, compared with a loss of 25.51 billion yen a year earlier. - Sapa-AFP

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