On Friday, Take-Two Interactive announced financial results for the three- and six-month periods ending April 30, 1998.

　　And the announcement was a positive one, since Take-Two was able to report a profit for both periods this year, compared with losses during the same two periods a year ago.

　　Take-Two's net income for the three-month period ending April 30, 1998 was US$629,153 on net sales of $22,922,113. That compares with a net loss of $536,943 on net sales of $3,504,941 in the three-month period that ended April 30, 1997. Basic earnings were 6 cents per share for the 1998 three-month period compared with an 11-cent loss for the same period in 1997.

　　For the sixth-month period ending April 30, 1998, Take-Two posted a net income of $1,870,142 on net sales of $4,990,550 for basic earnings of 19 cents per share. In the same period in 1997, Take-Two posted a net loss of $264,779 or an 8-cent loss per share on net sales of $9,636,991.

　　Take-Two attributed the good financial news to, among other efforts, its acquisition of BMG Interactive, which, according to Take-Two, "has rapidly expanded the company's entertainment software publishing business in Europe" and its entry into the Sony PlayStation market in Europe with the release of Gex 3D: Enter the Gecko and Grand Theft Auto, among other titles.