GAME to exceed 2007 profits forecast

Retailer also ups sales expectations for current fiscal year by five to ten per cent

GAME has said that it will exceed its full-year underlying profit forecast for 2007 - 2008.

According to Dow Jones Newswires, GAME expects pre-tax profit to be no less than £74 million for the year ended January 31st, 2008.

That represents a significant jump from the £29.5 million reported a year earlier, and is slightly ahead of the £73 million previously predicted.

GAME added that it had traded well since the start of the new fiscal year and has continued to experience "strong consumer demand for the unprecedented range of products in the market".

"The existence of five successful hardware formats and the evident broadening consumer appeal will also stimulate further growth," said the retailer in a statement.

When it comes to the current financial year, the GAME board now believes that life-for-like sales growth of between five per and ten per cent for the fiscal year to January 31st, 2009 is "achievable".