The report showed that the company still lost €11 million ($13 million) the first half of the 2005-2006 fiscal year, an improvement from a €33 million ($39 million) loss for the same time last fiscal year.

“Ubisoft saw progress in all of its performance indicators and is today a major player in the videogame industry,” said Yves Guillemot, CEO of Ubisoft. “Indeed, already second largest independent editor in Europe, Ubisoft joined the top six in the USA, and ranks even in the top five on consoles, as it continues to gain market shares. This trend is expected to prevail in the second half of the year: with major game launches scheduled, fiscal year 2005-2006 could well be an outstanding year.”

Gross profit was also up 5.2 percent, from €73 million ($86 million) to €95 million ($112 million). The company credited releases such as Rainbow Six: Lockdown, Brothers in Arms: Earned in Blood and Far Cry: Instincts with increases in sales and profits. The recent release of Peter Jackson’s King Kong and Prince of Persia: The Two Thrones is expected to play a significant role in the second half of the fiscal year.

The statement also included an up-to-date release list, with a few new titles surfacing: WWII flight game Blazing Angels for Xbox 360, Brothers in Arms for the PSP and an unannounced Xbox 360 title.

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