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17/2020 „ACHIEVING A FULL RETURN ON INVESTMENT IN SNIPER GHOST WARRIOR CONTRACTS”

By 30 May 2021No Comments

Current report 17/2020

Friday, July 3, 2020

Confidential information

The Management Board of CI Games with a registered office in Warsaw (“the Company”), upon getting familiar with the selected financial data for June 2020, hereby informs that the total consolidated revenues from sale of the Sniper Ghost Warrior Contracts game from the premiere date (November 22nd, 2019) until June 30th, 2020, exceeded the total expenditures related to development and release of the game, including the production cost, marketing, cost of manufacturing of physical copies and license fees related to the engine used for the game. In association with the above, the Management Board hereby informs that the Sniper Ghost Warrior Contracts game attained the full return on investment in the 2nd quarter of 2020.

At the estimated level of sales of PLN 51.0 million in the period from the premiere date (November 22nd, 2019) until June 30th, 2020, the profit from the game (taking into account all costs listed above) has been estimated to be PLN 3 million. In the opinion of the Management Board, the Sniper Ghost Warrior Contracts game will have a substantial influence on the results of the Company at least until the end of year 2022.

Legal basis: art. 17 section 1 in association with art. 7 section 1 of the Regulation (EU) No 5 96/2014 of the European Parliament and of the Council of April 16th, 2014 on market abuse (MAR).