TOKYO, May 7 (Xinhua) -- Japan's game maker Nintendo Co. said on Thursday that its group net profit in fiscal 2008 rose 8.5 percent from the previous year to a record high of 279.09 billion yen (2.8 billion U.S. dollars), bucking the corporate trend of declining profits amid global economic downturn.
Nintendo's strong performance was due to the popularity of its DS and Wii game consoles, as well as the software to go with them, the company said.
The company's operating profit increased 14 percent to 555.26 billion yen (5.6 billion dollars) for the business year ended March 31.
It is the fifth straight year that Nintendo's net profit has reached a record high, reflecting a robust growth of world's game market.
Nintendo is eyeing further profit growth for the current business year. It projects that its group net profit will rise 7.5 percent from the previous year to 300 billion yen (3 billion dollars) for fiscal 2009.
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