Zynga returns to profit in spite of falling revenues

The Irish arm of downsized online game firm, Zynga last year returned to profit in spite of revenues tumbling.

According to accounts just filed by Zynga Game Ireland Ltd to the Companies Office, the firm recorded the $1.34m profit as revenues declined sharply by $155.9m, or 30%, from $511.6m to $355.7m in the 12 months to the end of December .

The $1.34m pre-tax profit last year followed the firm recording a pre-tax loss of $50.7m in 2012, a positive swing of $52m, with the 2012 loss attributable to impairments of investments and intangible assets.