20 Apr 2016 12:22
Release: Wednesday 20 April 2016
PCG Entertainment Plc
("PCGE", the "Company" or the "Group")
PCG Entertainment Plc / Index: AIM / Epic: PCGE
Trading Update
PCG Entertainment Plc (AIM: PCGE), the AIM listed Asia-Pacific online gaming and media company today released an update on activities for the trading quarter ended March 2016.
Unaudited figures, extracted from the Company's management accounts, show PCGE's Group operating profit in Q1 2016 rose to approximately USD $870,000 up from a Q4 2015 net profit of USD $820,000.
Over the same period, gross profit rose by 21% and revenue by 16%.
Nick Bryant, CEO, commented: "While PCGE's revenues continue to grow quarter-on-quarter the Company is now able to invest in the development of our software distribution platform to expand the business in the Asian market. Over the coming months we anticipate further investment in people and infrastructure. We will also continue to seek opportunities for growth, both organic and through acquisitions."
The Group will continue to update the markets during the course of the year. For more information on PCGE please visit the Company's website www.pcge.com
Enquiries:
PCG Entertainment PLC | www.pcge.com |
Nick Bryant, Chief Executive Officer | Tel: +44 20 8 004 4699 |
Richard Poulden, Chairman | Tel: +44 207 8120645 |
Allenby Capital Limited | |
Simon Clements / James Thomas | Tel: +44 20 3328 5656 |
Beaufort Securities Limited | |
Elliot Hance/Saif Janjua | Tel: +44 20 7382 8300 |
Damson PR | |
Abigail Stuart-Menteth | Tel: +44 20 7812 0645 |