Kuju Interim Report

[Russardo]

You may be aware of this part of Kuju's interim report, and it kinda covers old ground, but anyway it might interest some people:

"The Group has continued to invest in the development of its Rail Simulator project, which will be published by Electronic Arts in Europe. The Group commenced development of this title in September 2004 with the title being co-funded by specialist third party games financier Fund4Games. The Group is also investing in the development of this title. Development delays have led to higher than anticipated costs to the Group which have been written off as incurred; however we will derive a higher royalty share and other ancillary benefits from Rail Simulator than is the case for our usual projects. The level of future returns from the project, which is currently behind schedule, will be dependent on the success of the game when it is released into the market next
year.

Dominic Wheatley

Chairman

22nd December 2006"

I don't want to start another thread of speculation, so just for info.