Accessories manufacturer Mad Catz has announced record sales for the second quarter of its fiscal 2009.

Sales were up 52.8 percent, from $16.9m (£11.3m) to $25.8m (£17m), versus the same quarter is fiscal 2008. Gross profits increased even more, rising from $5m (£3.3m) to $7.7m (£5.1m)—an increase of 55.9 percent. This allowed the company to report a net income of $900k (£600k) for the quarter, compared to the previous year’s $1.2m (£800k) loss.

The company cited a variety of reasons for the successful results, primarily attributing them to beneficial results from Mad Catz’s earlier acquisitions of rival manufacturers Saitek and Joytech as well as successful expansion and diversification of core product lines. The company also attributed its success to strong growth in non-North American markets, revealing that 43 percent of sales were done outside of that region compared to the previous year’s 34 percent.

Mad Catz president and CEO Darren Richardson said, "During the fiscal second quarter we generated further momentum on the current generation of consoles, as sales for these consoles surpassed those of the prior generation for the second quarter in a row and represented over 42 percent of total sales.”

He added, “The Company's further product line diversification, including significant expansion of our portfolio of high profile brand licenses and increased international market penetration, has positioned Mad Catz with the broadest suite of interactive entertainment product lines in its history while reducing its reliance on the domestic market.