Ubisoft has posted its latest financial report for the year ending March 31st, 2014, with gross profits down €191.7 million (about $262 million) year over year, while its Q4 profits rose to €194 million ($265 million) year over year.

Gross profits in 2013-2014 reached €721.8 million ($986 million) compared to €913.5 million ($1.2 billion) in 2012-2013. Ubisoft cited a "contrition in sales from the core gamers segment" for the discrepancy, but said that the impact on gross profit was "largely offset by growth in digital distribution."

A number of titles were singled out in performing well, including previously mentioned Assassin's Creed IV: Black Flag which hit 11 million sales since its launch. Ubisoft also singled out Obsidian Entertainment's South Park: The Stick of Truth's "solid performance" during Q4, citing its "higher-than-expected digital distribution levels."

CEO Yves Guillemot noted that the 2014-2015 period should bring the company back into full swing with double digits, predicted in part thanks to upcoming releases of Assassin's Creed Unity, Far Cry 4, Watch Dogs, The Crew, Tom Clancy's The Division and a new Just Dance title.

For further reading you can find the full financial PDF report over here.