Codemasters picks up speed heading in to second half

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Codemasters picks up speed heading in to second half
Master Investor Magazine

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The price of shares in AIM-listed video game developer Codemasters (LON:CDM) has risen by 1.05% to 214.75p (as of 11:15 BST) as it said that revenues for the six months ended 30th September were broadly flat. A large proportion of this is coming from digital sales which has improved the business’s gross margin by 80 basis points.

As a consequence, management believes that results for the full year will be in-line with expectations as they work towards the launch of a major new racing title on multiple platforms just ahead of the peak annual trading season.

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