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BBC UK
Apr Member 2011

BBC UK

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So Jagex made Gross Profits of £24M in 2012 and only £12M in 2013.. there is something going on seriously wrong. How did they lose 50% of profits?

EDIT: And their win went from £7 Million in a year (2012) to £381 in the next year (2013) ? I don't know about RS' future.

23-Oct-2014 22:21:41 - Last edited on 23-Oct-2014 22:37:28 by BBC UK

Lifer
Jul Member 2008

Lifer

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Nothing is "wrong" if you consider them expanding into Transformers Universe and the new Card game coming up, you know. Look at the revenue, they basically didn't lose money. They upped the cost of their projects.

28-Oct-2014 03:17:16

BBC UK
Apr Member 2011

BBC UK

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Dogpowder said :

31.12.2013
Turnover 46,536,969
Cost of Sales 33,827,148
Gross Profit 12,709,821
Operating Profit 944,833
Pre-tax Profit 968,123
Taxation -586,542
Post-tax Profit 381,581


Lifer, which of those numbers are the revenue? I don't know a lot about economy.

28-Oct-2014 11:31:53

Dogpowder
Jun Member 2005

Dogpowder

Posts: 5,563 Rune Posts by user Forum Profile RuneMetrics Profile
^Turnover is basically the gross revenue for the whole of Jagex. Not just Runescape - however, in practice the vast bulk will come from Runescape.

There is no breakdown for special costs associated with Transformers Universe. However, 2012 also included costs for TU and y/e March 2011 would include Mechscape, Stellar dawn, 8realms and even Funorb related costs.

Jagex have always tried to push a fair amount of cash into other projects. For whatever reason none of them have been successful.

28-Oct-2014 13:33:43

s hamy

s hamy

Posts: 15,010 Opal Posts by user Forum Profile RuneMetrics Profile
BBC UK said :
So Jagex made Gross Profits of £24M in 2012 and only £12M in 2013.. there is something going on seriously wrong. How did they lose 50% of profits?

EDIT: And their win went from £7 Million in a year (2012) to £381 in the next year (2013) ? I don't know about RS' future.

I am new to finance, but L0L this statement humors me. You do not judge a company's future solely off profit.

I guess the CGS is high because of all those failed projects.Turnover rate is also high - but i don't know what led to that. Profit is low.... but once again you can't judge unless you compare it to previous years. Companies like to spread losses depending on tax benefits....
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30-Sep-2015 16:49:17 - Last edited on 30-Sep-2015 16:51:16 by s hamy

Weyburns
Nov Member 2021

Weyburns

Posts: 4,823 Adamant Posts by user Forum Profile RuneMetrics Profile
s hamy said :
BBC UK said :
So Jagex made Gross Profits of £24M in 2012 and only £12M in 2013.. there is something going on seriously wrong. How did they lose 50% of profits?

EDIT: And their win went from £7 Million in a year (2012) to £381 in the next year (2013) ? I don't know about RS' future.

I am new to finance, but L0L this statement humors me. You do not judge a company's future solely off profit.

I guess the CGS is high because of all those failed projects.Turnover rate is also high - but i don't know what led to that. Profit is low.... but once again you can't judge unless you compare it to previous years. Companies like to spread losses depending on tax benefits....

also gotta realize maybe they invested into something special in 2k13 that will realize profits 2-3 years ahead of time, which is why they look like they'e performing worse than they actually are.

unless you're actually able to look at the breakdown of financial statements, and they give multiple year numbers, then it's almost impossible to know for sure what is actually happening.
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24-Dec-2015 23:43:09

July

July

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I believe this low profit rate was due to Jagex opening an office in California. Might have been something else, but I remember that a much lower profit rate for that year was expected and that is was nothing to worry about.

25-Dec-2015 13:00:55 - Last edited on 25-Dec-2015 13:05:46 by July

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