Capcom Q1 financials: 37% net profit drop at £5.55m

Capcom has posted its Q1 financial report for the three-month period ended June 30, 2013. The report shows that net profit has fallen 37% at £5.55 million year-on-year, but that the company's key games have met expectations.

CVG reports that Capcom's game sales came in at £117 million for the period, compared to £125 million year-on-year.

The company's net profit dropped 37% to £5.55 million, compared to £8.85 million year-on-year.

Despite the drop, Capcom has stated that key retail releases like Dragon's Dogma: Dark Arisen and Resident Evil: Revelations have met expectations, helping the company to break 2.5 million units sold for the period.

However, because both of these games were sold at a lower-than-normal price-point, there was a natural dip in income.

The company's full-year sale projections remain unchanged from the start of the financial year, and will be fuelled by the release of Dead Rising 3 on Xbox One, Ultra Street Fighter 4 and next year's Strider re-make.