10th Sep 2015 07:27
LONDON (Alliance News) - Stride Gaming PLC Thursday said that it has experienced strong organic growth in the second half of its financial year.
The online gaming operator said that as a result, net gaming revenue for the full financial year will not be less than GBP25 million, while adjusted earnings before interest, tax, depreciation and amortisation will be no less than GBP7 million.
"The board is encouraged not only by the momentum in its existing business, but also by the encouraging initial indications from the recently-acquired internationally-focused mobile social gaming company, InfiApps Ltd," the company said in a trading update.
Stride Gaming will announce its results for the year August 31 by the end of November.
Shares in Stride Gaming were trading up 1.4% 299.25 pence Thursday morning.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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