LONDON (ShareCast) - (Sharecast News) - Mobile games creator Gaming Realms said on Tuesday that it had continued to trade ahead of market expectations during the first half of its trading year and raised guidance for the year as a whole.
Gaming Realms said first-half revenues had come to £5.0m, well ahead of the £3.1m brought in a year earlier, while the firm also swung from a loss of £100,000 to adjusted underlying earnings of approximately £1.2m.

The AIM-listed group said its performance in the period was a result of the expansion of its partners internationally and the release of new Slingo games, which had seen an increased take-up by consumers.

While Gaming Realms said revenue growth in the period was helped by the impact of Covid-19, trading during the seven weeks following lockdown easing had maintained "similar levels".

As a result, Gaming Realms now expects full-year revenue and EBITDA to be "materially ahead" of current market expectations.

As of 1005 BST, Gaming Realms shares were up 6.70% at 22.73p.

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