The Helsinki based virtual goods operator Sulake saw a profitable first half in 2008. According to Kauppalehti, net profits were around 400 000 euros. The revenues rose approximately 20% to 25,6 million euros for the first 6 months of 2008. Majority of the sales came from sale of virtual goods in Habbo Hotels world wide. According to the company, the annual growth for 2008 will be around 30%.

This is yet more proof, that the company is being heavily pumped into IPO condition. Some sources have told us that 2009 would be the year after all, as the sub-prime crisis smashed the IPO possibilities in 2007.

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Habbo profitable on $38m of revenue in 2008 H1? « Lightspeed Venture Partners Blog, September 25, 2008

[...] 25, 2008 Posted by jeremyliew in games, games 2.0, gaming, habbo, virtual worlds. trackback Arctic Startup, quoting an article written in Finnish at Kauppelehti, the leading business magazine in Finland [...]