Playtech Q2 Gross Income, Revenue Surge - Quick Facts

8/7/2012 3:13 AM ET

Playtech Limited (PTEC.L), a developer of unified software platforms and content for gaming industry, Tuesday reported a significant increase in gross income and revenue for the second quarter.

Gross income surged 82 percent to 88.1 million euros from 48.4 million euros in the same quarter last year.

Revenue jumped 99 percent to 78.64 million euros from 39.59 million euros.

Further, the company said daily activity for the first 31 days of the third quarter is 24 percent ahead of last year, but is 3 percent down from the preceding quarter. Playtech's Chief Executive Mor Weizer said, "First half performance for 2012 has been very encouraging and all products, with the exception of poker, have achieved strong year-on-year growth...Although we anticipate a seasonal slowdown during the traditionally weaker summer months, I believe that the Company is well positioned to maintain the momentum into the rest of the year."

Click here to receive FREE breaking news email alerts for Playtech Ltd and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

<<Previous 65 Articles

Editors Pick

China Manufacturing Contraction Deepens In June

China's manufacturing activity contracted at a faster pace in June, reducing the prospects of a promising economic recovery, preliminary results of a survey by Markit Economics and HSBC revealed Thursday. The flash manufacturing purchasing managers' index fell to 48.3 in June from 49.2 in May. The index is now at its lowest level in nine months.

King Makes Last Plea For Stimulus Before Entrusting BoE To Carney's 'Safe Hands'

Bank of England Governor Mervyn King made a last but strong call for expanding stimulus for the British economy in his final Mansion House speech on Wednesday even as he left some "unfinished business" in the banking sector for the next chief Mark Carney to complete. King will step down by end-June after ten years at the helm. Carney will assume office from July 1.

Red Hat Results Edge Past Estimates

Red Hat Inc., the world's largest seller of Linux software, said Wednesday after the markets closed that its first quarter profit rose 8% from last year, as revenue increased 15% amid strong consumer demand. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations as did its quarterly revenue.