Following in the footsteps of EA, US games publisher have confirmed that they made a huge loss for the financial year ending March 2009.

Over the 12 months in question for the year dropped from 1 billion USD in 2008 to 830 million USD. The company reported a total loss of 431 million USD.

"In light of a challenging fiscal 2009, we have substantially completed a significant realignment of our to position THQ for profitability and positive cash flow in fiscal 2010," offered THQ president Brian Farrell.

"We have taken decisive actions to achieve our cost saving objectives, eliminating 220 million USD in cash expenditures while at the same time implementing a focused product strategy. We are investing in the brands and products with the highest potential to drive THQ's long-term profitable growth."

On a more positive note, THQ confirm that 2 has shipped 2.8 million copies since launch, but this might be enough to detract the nay-sayers despite Farrell promising a return to profitability in 2010.

By Luke Guttridge

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