Amsterdam-based publisher Playlogic Entertainment has announced financial results for its third fiscal quarter, with profits totalling USD 2.1 million, up from a loss of USD 4.6 million last year.
Playlogic announced that it has successfully closed USD 12.3 million in equity through a private placement, concluding the successful completion of the USD 10 million private placement previously announced
Amsterdam-based independent publisher Playlogic has signed an agreement with Sony Computer Entertainment America giving the company full publishing rights in the US for titles on the PlayStation 2 and PlayStation Portable platforms.
Investment banking firm Spencer Clarke is to help PlayLogic build stronger relationships with the investment community as the publisher looks towards future growth.
Ambitious publisher and developer Playlogic has revealed gross profit of USD 1.2 million (EUR 882,931) for the year ended December 31, 2006, up 71 per cent on the previous year.
Matt Martin
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