3rd Oct 2018 08:28
LONDON (Alliance News) - Shares in Nektan PLC jumped on Wednesday after the gaming technology platform provider said it experienced a "record" first quarter with revenue up 65% on last year.
The stock was up 14% with shares trading at 22.70 pence each.
For the three months to June 30, Nektan posted net gaming revenue up to GBP6.4 million from GBP3.9 million in the same quarter a year prior.
The company said it achieved this record performance notwithstanding the "traditionally quieter" summer time, "especially one that included the World Cup".
Looking ahead, the company said it remains on track to "become earnings before interest, taxes, depreciation and amortisation break-even in Europe" by the end of financial 2019.
Chief Executive Gary Shaw said: "Given the past few quarters of continual expansion in content provision and our significant build-up of global partnerships, we are now within striking distance of our ambition to be the dominant provider of premium gaming content in the industry."
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