Gaming Realms PLC - mobile gaming content developer - Says revenue grew 66% in the six months to the end of June to GBP5.2 million from GBP3.1 million a year earlier. The company's revenue generates high margins, and in combination with a relatively stable fixed cost base, resulted in adjusted earnings before interest, tax, depreciation and amortization growing to GBP1.2 million from an adjusted Ebitda loss of GBP100,000 a year ago. Adjusted Ebitda margin for the half-year was 23.9%. During the period, the company said it released four new games into the market. Pretax loss narrowed, meanwhile, to GBP692,578 from GBP2.5 million a year prior.
Current stock price: 19.56 pence
Year-to-date change: up 91%
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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Gaming Realms (GMR)