LONDON (Alliance News) - 32Red PLC on Thursday said it expects its full-year earnings before interest, tax, depreciation and amortisation to be slightly ahead of expectations, after achieving growth in net gaming revenue in 2015.
The remote gaming operator said net gaming revenue grew to GBP48.6 million, from GBP32.1 million in 2014, which it said was driven by a combination of accelerated organic growth in its core business and the contribution from the recently-acquired Roxy Palace business.
Meanwhile, 32Red said it has continued to make progress in Italy and that it is confident it will move towards break even during 2016.
32Red added that early trading in 2016 has been strong, with revenue in the first 19 days up 27% year-on-year, and up 54% including the contribution from Roxy Palace.
"32Red is in excellent health and we are excited by the opportunities ahead," Chief Executive Ed Ware said in a statement.
Shares in 32Red were trading up 5.2% at 151.77 pence on Thursday morning.
By Karolina Kaminska; karolinakaminska@alliancenews.com @KarolinaAllNews
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