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Business Summary: Varsav Game Studios SA, formerly Varsav VR SA, is a Poland-based company that focuses its activities in the area of computer games and application production. The company also provides Internet Technology (IT)services to external entities and creates technological and business facilities for projects in the new technologies sector. In addition, as an additional activity complementing the basic business, the Company conducts activities consisting in providing substantive, technological or financial support for projects from entities in the computer games industry.
Financial Summary: BRIEF: For the six months ended 30 June 2024, Varsav Game Studios SA revenues decreased 1% to PLN1.6M. Net loss totaled PLN142K vs. income of PLN201K. Revenues reflect Change in Inventory decrease of 25% to PLN974K. Net loss reflects Grants decrease from PLN650K (income) to PLN0K, Revaluation of Financial Assets decrease of 92% to PLN21K (income), Sale of Investments decrease of 96% to PLN5K (income).