CD Projekt Q2 profit drops

WSE-listed game producer CD Projekt had PLN 73.4 million consolidated net profit in Q2, which is 28.1 percent less y/y. Operating profit amounted to PLN 89.4 million (28.1 percent y/y drop), while revenues stood at PLN 155.5 million (down by 33 percent y/y). “In the first half of 2017, the group spent PLN 33 million on the development of new videogames, including Cyberpunk 2077 and Gwent: The Witcher Card Game. By the end of June, the cumulative balance of expenditures on future releases reached PLN 97 million. The company also paid out its first-ever dividend, in the amount of PLN 101 million,” CD Projekt said in its financial report.