Montreal-based Amaya Gaming Group Incorporated, an entertainment solutions provider for the video gaming industry, has released financial results showing an increase of just below 292 percent in general profits for the final three months of 2012 to $37.19 million (Canadian).
The video gaming firm announced that its adjusted earnings before interest, taxation, depreciation and amortization for the quarter that is fourth of 12 months reached $16.74 million, showing a year-on-year enhance of around 391 per cent. However, the net earnings of Amaya Gaming fell from a revenue of $2.88 million for the period that is same 2012 to $711.309 at a negative balance.
Profit and Loss
Amaya reported a general enhance of almost 316 per cent in revenues year-on-year to $76.43 million, and revealed total earnings of $23.11 million before interest, taxation, depreciation and amortization, but regardless posted an overall company loss of $7.11 million for 2012, increasing the deficit of $1.92 million of 2011.
‘ The previous year has been transformational for Amaya,’ explained president and chief executive officer for Amaya Gaming, David Baazov. ‘We expanded dramatically in Europe by increasing the licensee base of our subsidiaries Chartwell and Cryptologic. Cryptologic went from a loss that is net the first half of 2012 to a significant contributor of earnings for Amaya Gaming by the end of 2012.’
He visited explain that Amaya Gaming also acquired gamin Continue reading →