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Ubisoft records loss for last fiscal year

One of the biggest game publishers, Ubisoft, recorded a big loss in its last fiscal year. Today the company announced that its fiscal year that ended on March 31 had revenues of 871 million euros, down from 1.057 billion euros from the same period a year ago. Ubisoft recorded an operating loss of 60 million euros.

Ubisoft blamed the loss on the current worldwide economic situation and said its sales went down 18 percent for its last fiscal year. However there were some bright spots. Assassin's Creed 2 sold nine million copies since its launch on the console last November. Ubisoft says it expects to return to profitability in its current fiscal year.

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