Video game publisher THQ, Inc. doubled its profits for its just completed fiscal year when compared with the previous year, the company announced Thursday. The Agoura Hills-based games company reported a net income of $68 million, or $1.01 per diluted share, on revenues of just more than $1 billion. That doubles the net income of $32 million, or $0.49 per diluted share, on revenues of $806 million for the 2006 fiscal year. As the gaming industry transitions to new systems released by Sony and Nintendo, THQ outperformed the market in its major territories. The company’s success was due to the release of the multi-million selling “Disney/Pixar’s Cars,” “WWE SmackDown vs. RAW 2007” and the internally-developed “Saints Row.” In 2008, the company plans to release titles for the new game systems including original owned properties “Frontlines: Fuel of War,” “Juiced: Hot Import Nights,” and “Stuntman: Ignition.” For the fourth quarter of the fiscal year ending March 31, THQ reported a net income of $6.5 million, or $0.09 per diluted share, on revenues of $172 million. For the fourth quarter of 2006, the company reported a net loss of $8.6 million, or a loss of $0.14 per diluted share, on revenues of $148 million.
