Remedy Entertainment Plc: Q3 Business Review: Business progressed as planned, outlook unchanged
Remedy Entertainment Plc | Company announcement 09:00 am (EET) 12 November 2021BUSINESS REVIEW January– September 2021 (unaudited) Business progressed as planned, outlook unchanged Alan Wake Remastered announced and completed for launch HIGHLIGHTS IN JULY–SEPTEMBER 2021 · Revenue was 7 398 (9 914) thousand euros and decreased -25.4 % year-on-year primarily due to a decline in Control royalties and reduced development fees from our Smilegate partnership. · Operating profit (EBIT) was 290 (3 443) thousand euros. The decrease was mainly due to a very strong comparison period