Playtech delivers strong full year

Online gaming software firm Playtech delivered a strong set of full year results and said it is confident of its prospects in 2013 and beyond.

Online gaming software firm Playtech delivered a strong set of full year results and said it is confident of its prospects in 2013 and beyond.

Adjusted EBITDA jumped 49% to €186.7m for the year ended December 31st 2012 while adjusted net profit also rose 49% to €168.5m.

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Gross income rose 51% to €368.1m and total revenues increased 53% to €317.5m.

Playtech said it had made a strong start to 2013, with average daily revenues for the first 11 weeks of 2013 up over 15% on the first quarter of 2012 and up 5% on the final quarter of 2012.

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Chairman Roger Withers said: "The company delivered another impressive financial performance and passed a number of significant corporate and operational milestones."

"Playtech continues to capitalise on its clear strategy and strong balance sheet."

The group had recommended a final dividend of 15.4 € cents per share, giving a total 2012 dividend of 23.2 € cents per share, up 41% from the previous period.

CJ

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