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Ubisoft reports improved fiscal performance thanks to Far Cry 3 and Assassin's Creed 3

Ubisoft maintained solid performance in the first half of the 2013-2014 fiscal year, with the increase in profits being attributed to titles like Far Cry 3 and Assassin's Creed 3, according to the company's most recent fiscal report ending September 2013.

During the first quarter of the 2013-2014 fiscal year, the company earned €293 million ($393 million), up five percent from the same period in the previous year ($374 million). In the second quarter, the company's earnings jumped 46.6 percent from the previous year, totalling €217 million ($291 million) versus €148 million ($198 million) from the previous year.

The company also attributed the sustained growth to its digital segment, with sales climbing 29 percent from last year to €71 million ($95 million). This was largely driven by digital distribution and downloadable content.

Overall, the company recorded a gross profit of €202.2 million ($271.5 million), up from €192.7 million ($258.8 million) from the same period last year. It ended the first half of the fiscal year with a non-IFRS operating loss of €98 million ($131 million) versus €58.8 million ($78.9 million) from last year.

Ubisoft is standing by its recently-revised fiscal targets after the delay of Watch Dogs and The Crew. It expects sales from the third quarter of the fiscal year to be down by 38 percent to 33 percent, noting that the sales figures of the previous year's third quarter were driven by Far Cry 3. This year's third quarter will include the launch of Assassin's Creed 4: Black Flag, Just Dance 2014 and Rocksmith 2014.

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