Playtech posts record revenue in H1

Online gaming software giant Playtech has announced record revenue during the six months through to June 30, 2014.

In an interim report, the firm posted total revenue of €212.4 million in the first half, an amount that represents an increase of 21.2% on the €176.8 million achieved in the same period last year.

Adjusted earnings before interest, tax, depreciation and amortisation for the period also jumped by 28.2% to €97.6 million, while adjusted profit grew to €96.8 million, up 44.8% on the €66.7 million reported in the first half of 2013.

In response to the positive results, Playtech has issued an increased interim dividend of 8.9 cents per share, compared to 7.8 cents per share last year.

Playtech has also said that it is set to achieve additional growth during the three months through to September 30.

Daily average revenue for the first 59 days of the third quarter is up more than 21% in comparison to the same period last year.

Alan Jackson, non-executive chairman of Playtech, said: “Playtech’s vision has allowed the company to cement its position as the world’s leading supplier of technology and services in the online gambling industry.

“During the first six months of the year, Playtech continued to improve the way it develops its products, while growing revenue to an all-time high and managing its cost base, to again deliver an outstanding set of interim results.

“Our strategy for future success concentrates on improving and diversifying the quality of earnings with an emphasis on opportunities in regulated and soon to be regulated markets.”

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