13.12.06

Videogame sales boost profits for Best Buy

US retailer reports 24 per cent growth for third quarter

US retail chain Best Buy has published its third quarter financial results, attributing the rise in profits and revenues to improved sales of videogames.

Revenues for the quarter rose by 16 per cent to hit US$ 8.5 billion, while profits stood at US$ 150 million - bringing the total for the year so far to US$ 614 million, up from US$ 496 million in 2005.

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