Thunderful Group Quarterly Report: 85% drop in Profit and purchase of Islanders

Another Swedish gaming company has released a financial report. The Thunderful Group said the first quarter of this year was “weak.” Although its revenue increased by 7.3% to $61.4 million, operating profit fell seriously to $524 thousand.

The company attributed the drop in profits to the consequences of the pandemic and difficulties with logistics.

However, the Thunderful Group hopes that it will be able to increase revenues in the future. At the same time, she said that she bought the rights to the Islanders urban planning game from Grizzly Games, noting that since its release in 2019, it has sold a million copies.