Fourth quarter financial results for publisher Take-Two were revealed yesterday, and they’re a bit of a mixed bag.

On the back of an 11 percent sales increase for the quarter, with net revenue up to $323.4 million, fourth quarter losses doubled from the same period last year, up to $15 million. $1.5 billion in revenue was recorded for the fiscal year of 2008, as the top performing titles over the course of the year were Midnight Club Los Angeles, NBA 2K9, Grand Theft Auto 4 and Carnival Games. Fiscal year profits were up to $97.1 million, the strongest earnings in Take-Two’s history.

Of special note, Grand Theft Auto 4 accounted for $710 million, or roughly 60 percent, of Take-Two’s fiscal revenues, $40 million of which (or 17 percent) could be attributed to GTA IV in the fourth quarter.

In light of the current economic doldrums - and possibly because of no new GTA titles releasing next year, excluding GTA IV DLC and GTA: Chinatown Wars - Take-Two have drastically reduced their expectations for the next fiscal year, despite highly anticipated releases in the form of Mafia II, Bioshock 2, Borderlands, MLB Front Office Manager, Major League Baseball 2K9, NHL 2K10, NBA 2K10 and the already mentioned GTA content.