Aspire Global hails revenue, earnings growth in first half

on . Posted in General News

Aspire Global hails revenue, earnings growth in first halfAspire Global has reported widespread year-on-year growth across a number of key financial metrics during the six months to June 30.

Revenue came in at €33.4m ($40m), up 9% from the €30.6m posted in the first half of last year, with B2B revenue climbing 12% to €16.7m.

Earnings before interest and tax increased from €5.2m to €5.7m, while earnings before interest, tax, depreciation and amortisation jumped 11% from €5.6m to €6.3m, with a margin of 19%.

Elsewhere, earnings after tax totalled €5.4m, slightly lower than the €5.6m that was posted last year, while earnings per share after tax dropped from €0.13 to €0.12.

Tsachi Maimon, chief executive of Aspire Global, said: “Both business segments had continued growth in deposits and revenues, especially the B2B-segment where previous year’s deals contributed significantly to growth and increase in profitability for the group as a whole.

“We launched five new brands and migrated four additional casino brands from two competing platforms to our own platform.

“These brands now operate at full capacity, demonstrating the strength of our platform, which is promising for similar events going forward.”

source :www.igamingbusiness.com

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