Stride Gaming plc Reports Unaudited Consolidated Earnings Results for the Six Months Ended February 28, 2018
Stride Gaming plc reported unaudited consolidated earnings results for the six months ended February 28, 2018. For the period, the company’s revenue was £43,862,000 against £39,328,000 a year ago. Adjusted EBITDA was £8,680,000 against £8,790,000 a year ago. Operating profit was £4,280,000. Profit before tax was £3,893,000 against the loss of £881,000 a year ago. Profit after tax was £1,465,000 against the loss of £10,272,000 a year ago. Basic and diluted earnings per share was 1.93 pence against the loss per basic and diluted share of 15.3 pence a year ago. Net cash flows from operating activities were £9,052,000 against £4,228,000 a year ago. Purchases of property, plant and equipment were £311,000 against £100,000 a year ago. Purchase of intangibles was £335,000 against £262,000 a year ago. Adjusted earnings were £8,023,000 or 10.5 pence per diluted share against £8,041,000 or 11.6 pence per diluted share a year ago. Profit for the year attributable to owners of the parent was £1,523,000 against loss of £10,272,000 a year ago.