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  Ubisoft Reports Annual Sales
Time: 19:10 EST/00:10 GMT | News Source: TeamXbox.com | Posted By: Amanda Murphy

Ubisoft announced today financial results for the twelve month period ended March 31, 2004. Net sales increased 22.5% at constant exchange rates (and by 12% at current exchange rates) to $508.4 million from $453.0 million during fiscal 2003.

The gross profit margin increased by 4 points. It represents 65% of sales (vs. 61% for fiscal year 2002-2003) and resulted from a higher percentage of sales on 128-bit consoles (68% in 2003-2004 compared to 62% in 2002-2003).

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