Nintendo swings to $350m annual net profit but outlook weak

GMT 07:22 2015 Thursday ,07 May

Arab Today, arab today Nintendo swings to $350m annual net profit but outlook weak

Nintendo
Tokyo - Arab Today

Nintendo said Thursday it swung to $350 million annual profit thanks to a weak yen and upbeat sales of its Wii U console, but the Japanese videogame giant said its bottom line would shrink this year.

The Super Mario creator reported a 41.8 billion yen ($350 million) net profit for the fiscal year to March, reversing a loss of 23.2 billion yen a year earlier, while it forecasted a 35 billion yen net profit for the current fiscal year.

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