Montreal-based Amaya Gaming Group Incorporated, an entertainment solutions provider for the gaming industry, has released results that are financial an increase of simply below 292 % in overall profits for the final three months of 2012 to $37.19 million (Canadian).
The video gaming firm announced that its adjusted earnings before interest, tax, depreciation and amortization for the fourth quarter of final 12 months reached $16.74 million, showing a year-on-year enhance of around 391 per cent. However, the net profits of Amaya Gaming fell from a revenue of $2.88 million for the period that is same 2012 to $711.309 in debt.
Loss and profit
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, income tax, 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 past 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 1st half of 2012 to a significant contributor of income for Amaya Gaming by the conclusion of 2012.’
He went along to explain that Amaya Gaming also acquired gaming machine supplier Cadillac […]