(Alliance News) - Shares in Gaming Realms PLC rose on Thursday after growing revenue helped the firm post a narrowed interim loss, with momentum continuing to build.
For the six months ended June 30, pretax loss narrowed to GBP2.5 million from GBP3.1 million the year prior. This was after revenue rose 19% to GBP3.2 million from GBP2.7 million the year before.
"Our strategy to leverage our market leading 'Slingo Originals' games library into the UK and international gaming markets continues to gain momentum," Gaming Realms Chief Executive Officer Patrick Southon said.
Gaming Realms does not currently pay a dividend.
"Licensing our content to leading brands and gaming operators is delivering high margin revenues and the disposal of the real money gaming assets has given us greater resources to invest in content creation," Southon added. "We are currently performing in line with management's forecasts and with new commercial developments in the pipeline we are confident in meeting our full year objectives."
Shares in Gaming Realms were 4.1% higher at 7.05 pence in London on Thursday.
By Ahren Lester; ahrenlester@alliancenews.com
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Gaming Realms (GMR)