CD Projekt Q1 net profits on the rise

WSE-listed game producer CD Projekt had PLN 45.26 million consolidated net profit in Q1, representing a 39 percent increase y/y. Operating profit amounted to PLN 53.84 million (39.5 percent y/y growth), while revenues stood at PLN 99.3 million (14.2 percent y/y growth). The Group’s investment in the production of new games, including Cyberpunk 2077 and Gwent: The Witcher Card Game, stood at PLN 16 million. The cumulative development expenses reached PLN 79 million at the end- March. The Group’s cash balances and bank deposits increased by PLN 49 million.