20th Apr 2016 11:37
LONDON (Alliance News) - Asia-Pacific online gaming and media company PCG Entertainment PLC Wednesday said its operating profit rose to USD870,000 in the first quarter of 2016 compared to a net profit of USD820,000 in the fourth quarter of 2015.
The company said its revenue increased 16% in the same period, although it did not provide any figures.
"While PCGE's revenues continue to grow quarter-on-quarter the company is now able to invest in the development of our software distribution platform to expand the business in the Asian market. Over the coming months we anticipate further investment in people and infrastructure. We will also continue to seek opportunities for growth, both organic and through acquisitions," said Chief Executive Officer Nick Bryant in a statement.
Shares in PCG were down 17% at 1.00 pence Wednesday.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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