Runescape developer Jagex posts profits of GBP 18.3 million.
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Why cannot all game developers be like Jagex? Founded only 10 years ago by Andrew and Paul Gower when they were Cambridge undergraduates, the team of 370 working on Runescape at the year end, have generated turnover of GBP 38.4 million which is up 19% on the previous year. The Gowers and co founder Contstant Tedder shared a dividend of GBP 8.4 million with fellow shareholder Insight Venture Partners which bought a one third share of the company 5 years ago according to accounts for the year to March 3 2009, just published at the UK’s Companies House. Jagex is a client of Interactive Selection.