Titus announces financial goal
Titus announced today that they hope to level out their financial debt next year, as they have bought convertible bonds and also released a number of next-generation games this year. Titus posted sales of 750 Euros ($673 million) for the year to June 30, 2001, but reported losses of 47 million Euros and widened its operating loss to 35 million Euros. Titus believes that can make up for this with the number of games they have in development for the PS2, including its series game based on the Matrix.
11/5/2001 Matt Stensrud