Playtech Limited, the BVI-registered company offering the design, development and software solutions for online gaming industry, announced its unaudited interim results for the six months period ended 30 June 2009. The Playtech Group reported gross income up by 29.8%, from €51.6 mln in 2008 to €66.9 mln in 2009. Total revenues of the group have also grown and made €56.7 – an increase of 9.8% if compared to the same period of 2008.
Playtech reported the adjusted net profit up by 19% (from €36.2 mln in the first half of 2008 to €43.0 mln in 2009). Adjusted net profit margin for the first six months of 2009 made 76% (70% in 2008). The company reported strong cash position of €48.7 mln at 30 June 2009. Interim dividends were up 17.1% compared to the first six months of 2008 ( 8.9 € cents per share and 7.6 € cents per share, respectively).
Net profit of Playtech Limited increased 37.5% to €32.4 mln (compared to €23.6 mln in 2008). EPS for the period were 13.6 € cents, 10.8 € cents per share in the same period being reported for the same period of 2008.
It was noted by the company’s CEO that Playtech’s diversified licensee base has allowed them to retain positive trading performance and achieve significant growth over the same period of 2008. The Playtech Limited Group’s revenues rely on the development of its existing products, and the investments into new products, which allow the Group to improve its overall product offering, penetrate new markets, facilitate future organic growth and increase the portfolio of its licensees and gain additional markret share and increase revenues.