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CryptoLogic Q3 Loss Narrows - Quick Facts

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

CryptoLogic Ltd.(CRYP,CRY.TO, CXY.TO,CRP.L) reported that the third quarter net loss and comprehensive loss narrowed to US$3.20 million from US$5.89 million in the prior year.

Net loss before minority interest for the quarter was US$3.43 million, compared to a loss of US$6.28 million in the prior year.

Loss per share for the quarter was US$0.25, compared to a loss of US$0.45 in the previous year.

On average, 2 analysts polled by Thomson Reuters expected loss per share of US$0.23 for the quarter. Analysts' estimate typically exclude special items.

Revenues for the quarter declined to US$9.59 million from US$14.05 million a year ago.

CryptoLogic declared dividend of US$0.01 per share for the quarter, down from US$0.03 in the first two quarters of 2009. The company said that the dividend will be paid on December 15, 2009 to shareholders of record as at December 1, 2009.

Looking ahead, CryptoLogic said it continues to expect a steady rise in branded game revenue in the fourth quarter.

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