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32Red first half profits up, company sees strong start to second half

Thu, 12th Sep 2013 14:01
32Red reported a 12 per cent rise in first half profits and said it had made a strong start to the second half.It said revenues in casino, its biggest money spinner, were up 17% in the six months to the end of June while 32Red Poker revenues were flat and those from 32Red Bingo were down. The AIM-listed online gaming group said while trading in Italy, where it launched last November, had been slower than expected it was seeing a month-on-month improvement.Group pre-tax profits rose to £1.3m in the six months to June 30th from £1.2m in the same period last year. The interim dividend has been lifted to 0.8p from 0.6p.Its cash pile has risen to £6.3m from £4m. Shares in 32Red were up 0.86% at 58.75p at 14:03 on Thursday.TB

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