PRESS RELEASE
Interim results for the six months ended 30 June 2008
18 September 2008
Gaming VC Holdings S.A., a leading European online gaming company, today announces its interim results for the six months ended 30 June 2008.
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The results are available to download in PDF format.
Interim Highlights
- Revenue increased 20% to €26.3 million (H1 2007: €22.0 million)
- Gross margin improved to 80% (H1 2007: 74%)
- Operating profit up 19% to €10.6 million (H1 2007: €8.9 million)
- EBITDA up by 7% to €10.6 million (H1 2007: €10.0 million)
- Basic earnings per share €0.33 (H1 2007: €0.27)
- Interim dividend of €0.20 (c£0.16) (H1 2007: €0.20 (c£0.13)) to be paid on 31 October 2008
Commenting on the results, Kenneth Alexander, Chief Executive of Gaming VC, said: "I am pleased with the performance of the Group in the first six months of the year. These results are testament to our successful strategy of strengthening the level of expertise within the Group. Our German casino business remained resilient and we have diversified into new product and markets.
"I am confident that with the team we now have in place, we can continue our growth and diversification"
For further information:
| Gaming VC Holdings S.A. | |
| Kenneth Alexander, Chief Executive Officer | Tel: +44 (0) 20 7398 7700 |
| www.gamingvc.com | |
Arbuthnot Securities Limited |
Tel: +44 (0) 20 7012 2000 |
| James Steel / Paul Vanstone, Corporate Finance | www.arbuthnotsecurities.co.uk |
Media enquiries:
| Abchurch | |
| Henry Harrison-Topham / Stephanie Cuthbert / Nick Probert | Tel: +44 (0) 20 7398 7715 |
| nick.probert@abchurch-group.com | www.abchurch-group.com |