13th Sep 2021 15:50
Gaming Realms PLC - London-based developer and licensor of mobile focused gaming content - Swings to pretax profit of GBP800,000 in first half of 2021, compared to a GBP700,000 loss a year before. Total revenue climbs to GBP7.7 million in the sixmonth period from GBP5.2 million, as social revenue grows 7% and licensing revenue grows 73% in the period. Company notes that licensing revenue increases 28% in the two months post period-end compared to the same period in 2020. Expects full-year trading in line with expectations.
"This is an exciting time for the company and we intend to continue to deliver further value by scaling our platform and bringing innovative content to new audiences worldwide. With more material impact expected from Michigan and Pennsylvania in the second half of this year, the board is confident in the future performance of the business," says Chair Michael Buckley.
Current stock price: 36.80 pence, up 5.4% on Monday afternoon
Year-to-date change: up 74%
By Josie O'Brien; [email protected]
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