1st Jul 2016 07:58
LONDON (Alliance News) - Nektan PLC on Friday said it expects to achieve good growth in revenue in the second half of its financial year on the first half.
The mobile gaming provider said it expects net gaming revenue in the six months ended June 30 to grow to GBP4.2 million from GBP1.6 million in the first half of the year. Player numbers in the second half grew at a similar level to the first half, while total cash bets rose to GBP104.1 million from GBP45.5 million and the number of first-time depositors increased to 30,997 from 17,512.
For the full year, Nektan expects revenue to be at or around market expectations, with its loss before interest, tax, depreciation and amortisation marginally below.
"The progress in the business this year is encouraging. Our focus on building the foundations for continued growth has been positive, with the Evolve 2 platform now established internationally and our business operations maturing as we expand. We plan to develop the business further across both Europe and the US as both mobile casino markets expand," Chairman Jim Wilkinson said in a statement.
Shares in Nektan were trading down 21% at 48.00 pence on Friday morning.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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