25th Feb 2016 07:48
LONDON (Alliance News) - Playtech PLC on Thursday reported a slight dip in profit in 2015 despite reporting a large rise in revenue, but increased its dividend for the year and said it may consider returning additional cash to shareholders.
The provider of gambling software reported a small fall in pretax profit in 2015 to EUR142.0 million from EUR143.6 million in 2014 despite experiencing more than a 38% rise in revenue during the year to EUR630.1 million from EUR457.0 million.
Earnings before interest, tax, depreciation and amortisation rose to EUR234.0 million from EUR197.9 million a year earlier, but larger depreciation and amortisation charges, alongside higher finance costs, caused the slight dip in pretax profit for the year.
Playtech increased its dividend for 2015 by 8% to 28.5 euro cents per share from the 26.4 euro cents paid in 2014.
Cash at the end of the year amounted to EUR857.9 million, and Playtech said if it cannot utilise those funds for further acquisitions, then it will consider returning cash to shareholders.
By Joshua Warner; [email protected]; @JoshAlliance
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