Seeking consolidation opportunities
Italian gaming service provider Microgame S.p.A. has reported its highest operating profit in the past five years for the year ending December 31 2015 attributing improved management efficiencies and organic growth as the drivers of the strong results.
The company's key performance highlights included:
– A 31 percent increase in revenue amounting to Euro 27 million.
– Gross consolidated turnover growth of 63 percent to Euro 339.6 million.
– Gross margins of Euro 10.3 million, up 44 percent.
A bullish statement from Marco Castaldo, general manager of Microgame, said: "There is no room for industry players who cannot sustain the necessary investments. Microgame Group is solid and profitable and we are ready to exploit consolidation opportunities.
"Continued growth in the first two months confirm the acceleration of the last quarter of 2015 and tells us we are on the right track."
Online Casino News Courtesy of Infopowa