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Everest Gaming Q2 revenues down by one-third

17th August 2011 10:11 am GMT

Following a significant decline in revenues during the period, online gaming software developer Gigamedia Limited has reported a net loss of US$7.0m for the second quarter of 2011, which includes an equity loss of $4.4m reflecting the company’s remaining 40 per cent interest in Everest Gaming.

GigaMedia’s second quarter revenues fell by 19 per cent year-on-year to $8.8m following a drop in revenues from the company’s Asian online games business as a result of the deconsolidation [...]

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