Six months after changing its name from BCE Holdings Plc to Rage Software Plc and then getting a full listing on the London Stock Exchange (CI No 3,006), the Bristol, UK-based games software company still feels the effects of the would-be transition from a snooker club and amusement arcade holding company to a software developer, as it posts interim pre-tax losses of 1.8m pounds, up from 1.2m pounds in the previous period. It has since then, however, signed two agreements with top game vendors Virgin Interactive Entertainment Inc and Electronic Arts Inc, the latter announced with the results. It also believes that buoyant Sony Corp PlayStation sales and an execellent response to the European launch of Nintendo N64, will have a positive effect on the firm as one of the original seven developers of Nintendo Co Ltd games in Europe. It hopes to see royalty revenues start to come by September or October. As it is still in the red, Rage does not think it appropriate to pay an interim dividend.
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