4th Sep 2018 11:23
LONDON (Alliance News) - Video game developer and publisher Codemasters Group Holdings PLC confirmed Tuesday it continued to trade in line with expectations, after its share price has lost a fifth of its value in less than a week.
Codemasters confirmed that the company continued to trade in line with expectations, after noting the recent share price drops.
On Monday, shares in the firm closed 9.1% lower with it dropping 20% since last Wednesday. Shares were 3.2% higher at 178.00 pence on Tuesday.
For the five months ended August, the firm generated GBP35.5 million in revenue. This includes the sales of Onrush and F1 2018 which were released in early June and late August.
"The company's financial performance in the year to date, together with the future contribution expected from both existing games and planned game launches in the remainder of the financial year, support the board's full year expectations," Codemasters explained in a statement.
Codemasters intends to release a half-year trading update on October 8.
Related Shares:
CDM.L