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November 28, 1995

FOREIGN EXCHANGE WINDFALL BOOSTS NINTENDO PROFITS AS SALES SLUMP 19%

By CBR Staff Writer

Nintendo Co Ltd says its first half profits for the six months to September improved due to a huge foreign-exchange gain rather than sales of games machines – and it is going to need more of the same, because it is expected to make a loss on every Nintendo 64 it sells at $250. The company made unconsolidated current profits in the period equivalent to $632m, up 25%. Half-year sales fell 18.6% to $1,330m after disappointing sales of Virtual Boy.

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