29th Jan 2016 08:16
LONDON (Alliance News) - Asia-Pacific online gaming and media company PCG Entertainment PLC said Friday that its operating profit continued its upward trend in the fourth quarter of 2015, rising to USD820,000 from the USD400,000 it reported in the third quarter.
The company was readmitted to AIM in August of last year after its acquisition of Center Point Development Corp. In November, PCG said that its operating profit for the third quarter of 2015 rose to USD400,000, swung from losses of USD2.2 million in the previous year.
PCG said Friday it will continue to update markets during the course of the year.
"This is a very exciting time for PCGE. We continue to develop all aspects of the business, and these figures show that our strategy is reaping positive results," said Chief Executive Officer Nick Bryant in a statement.
Shares in PCG were up 33% at 1.26 pence Friday morning, the biggest gainer on the London market.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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