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Gaming Realms PLC - London-based mobile betting games developer - Issues trading update for six months to June 30. Expects first half revenue of around £13.5 million and adjusted earnings before interest, taxes, depreciation and amortisation of around £5.8 million, reflecting year-on-year increases of 18% and 21%, respectively. Excluding brand licensing from the first half numbers, adjusted Ebitda increased by over 45% year-on-year. ‘This robust performance was driven by the group’s core content licensing business whose revenues grew 28% year-on-year, and where the company strengthened its market presence by partnering with 22 new clients and launching 7 new Slingo games,’ company says. Chief Executive Mark Segal says: ‘Looking ahead, we are confident in our ability to maintain this momentum and meet our full-year targets.’
Current stock price: 39.25 pence
12-month change: up 19%
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