Nintendo makes first operating profit in four years
Quote:
Japanese videogame maker Nintendo made its first annual operating profit in four years, which beat its forecast as well as the market's.
Operating profit was 24.8bn yen ($207m; £136m) for the year to March, compared with its forecast of 20bn yen and analyst predictions of 23.8bn yen.
The firm said lower costs had offset the impact of slowing revenue growth.
Nintendo was also optimistic about its outlook, expecting its annual operating profit to double in the next year.
It expects to make 50bn yen in the year to March 2016, compared with market forecasts 39bn yen.
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