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Impressive achievement by Gigamedia


04-02-2009

Everest Gaming parent company and Nasdaq-listed Gigamedia Limited has reported complete-year 2008 income of a record $190.4 million, augment of 25 %, net profits of a record $44.4 million, increase of 14 %, and income per share of $0.82 basic and $0.74 fully diluted.
4th-quarter 2008 income was $44.6 million, net income was $9.1 million, and earnings per share were $0.17 basic and $0.15 fully weakened.
GigaMedia CEO Arthur Wang stated: “In 2008 we brought firm outcomes in spite of the difficult macroeconomic surroundings, showing the primary reliability of our business. In 2009, our Asian online games business is going to bring out much enhanced top and bottom line development - driven by one of the most excellent game pipelines in the region. Online poker and casino are going to experience continual pressure from the harsh European financial system, but new marketing partnerships united with the yields from our past investments and proper cost cutting are going to give us the opportunity to keep our financial performance.”


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