Nintendo sales down, but profit still climbs

Nintendo sales down, but profit still climbs - News at GameSpot

"Gamers may have had plenty of Nintendo news to soak up in the recent weeks, but investors want to know one thing--is Nintendo making money? The company answered that question today when it released its results for its recent fiscal year.

For the full year ending March 31, 2006, the company saw a decline of 1.2 percent in total revenues compared to the previous year. The revenue tally for the year was 509.25 billion yen ($4.5 billion).

Due to foreign exchange gains and interest income, however, the company increased its recurring profits by 10.6 percent over last year and saw a 12.5 percent gain in net profit compared with the year before. Net profit for the past year was 98.38 billion yen, or $873 million."