Navarre Reports Minimal Net Income

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Navarre Corporation published its financial results for its fiscal first quarter ended June 30, 2008.
During the quarter, Navarre reported net income of $627,000 compared to net income in the same quarter the previous year of $5.4 million. In part, Navarre's net income was lower due to discontinued operations and the costs of paying off certain debt. Much of Navarre's income also comes from distributing entertainment including animation (Afro Samurai was particularly kind to Navarre). Navarre's game publishing unit, Encore, does not appear to have been a significant contributor to the group results in this most recent quarter.

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