Sulake Enjoys A Slight Profit For 2008

Sulake Corporation logoAccording to Kauppalehti, Sulake Corporation's 2008 was by a small margin a profitable one. The group of companies turned over 50,1 million euros and managed to create a 1 million euro profit on it. The company's earnings before tax were still in the red, but the IFRS calculated tax receivables turned the company statements profitable. The company has been injected with some 45 million euros of investor money of which some 20 million euros have been put aside for the losses of the previous years.

Sulake Corporation Oy made a 41,2 million euro turnover with 3,5 million euro loss. Sulake Dynamoid, which is the company behind IRC-Galleria, one of the most popular teenage destinations online in Finland, has managed to grind a 0,3 million euro profit with about 5,4 million euro turnover.

Sulake Corporation, is the company behind the popular web service Habbo Hotel. Habbo Hotels can be found in 31 countries and in 11 different languages. The service is visited by some 11,5 million unique visitors each month.

Support ArcticStartup by helping us get the word out:

blog comments powered by Disqus
D41d8cd98f00b204e9800998ecf8427e?s=48
Sulake To Lay Off 20% Of Helsinki Employees, October 06, 2009

[...] Sulake is the Finnish company behind the successful teenage web service Habbo Hotel. Just yesterday we wrote that they have managed to create a one million euro profit with their 50 million euro [...]

D41d8cd98f00b204e9800998ecf8427e?s=48
Habbo Owner Sulake to Lay Off 40 Employees, October 08, 2009

[...] made 50.1 million Euros in revenue in 2008, with profits of only 1 million Euros, according to Arctic Startup. That would have been revenue of $70 million, going by the exchange rate at the end of last year, [...]

D41d8cd98f00b204e9800998ecf8427e?s=48
utifrån in – 2009-10-11 « walfisz – inifrån ut, October 11, 2009

[...] Sulake Enjoys A Slight Profit For 2008 - €50 miljoner i årlig omsättning på 11.5 miljoner användare varje månad. det ger en arpu på €0.36 (ca 4 kr eller $0.50) per månad. [...]

D41d8cd98f00b204e9800998ecf8427e?s=48
You may upgrade to flash… « “i made dis”, October 15, 2009

[...] in the red. “but the IFRS calculated tax receivables turned the company statements profitable” http://www.arcticstartup.com/2009/10/05/sulake-enjoys-a-slight-profit-for-2008/ Categories: Uncategorized Comments (0) Trackbacks (0) Leave a comment [...]