THQ full year sales dead flat, profit turns to loss

By Patrick Garratt

THQ’s reported full year financials showing net sales of $1,030.5 million, compared with $1,026.9 million in the prior year. That’s quite some balancing trick.

For the 12 months ending March 31, the company reported a net loss of $35.3 million, or $0.53 per share. In the prior year, the company reported net income of $68.0 million, or $1.01 per diluted share.

“In fiscal 2008, we did not achieve our revenue and profit targets and we are taking aggressive steps to ensure that we significantly improve execution in fiscal 2009 and beyond,” said company boss Brian Farrell.

Go Brian. Drown in figures here.