8 May 2009

Video game maker reports record profits

7:31 am on 8 May 2009

Nintendo Co. has reported record profits for the year to March.

It says the video game industry is proving to be relatively recession-proof.

Annual net profit rose 8.5% to Y279.09 billion ($A3.79 billion), helped by sales of its Wii and DS consoles.

Operating profit increased 14% to Y555.26 billion ($A7.54 billion) in the year to March.

Revenue climbed 9.9% to a record Y1.84 trillion ($A24.98 billion).

Nintendo has sold 50.39 million Wii consoles worldwide since their launch in 2006, including 25.95 million in the year to March.