International edition
June 20, 2021

It actually recorded revenue of us$ 16.2 million

CryptoLogic announced revenues increase

(UK).- CryptoLogic announced its financial results for second quarter ending last June 30, which would have showed an operating profit of us$ 2.5 million if not for the company's us$ 4 million reorganisation costs as part of the relocation of its headquarters to Ireland and some non-recurring tax impacts.

H

igh-profile gaming software developer actually recorded revenue of us$ 16.2 million and a disappointing after-tax loss of us$ 2.6 million, although the company's President and CEO, Javaid Aziz still remained positive about the company's outlook for the rest of 2007.

“CryptoLogic took major steps this quarter towards a return to growth and profitability - with an increase in operating revenue, and a decrease in operating costs,” said Aziz.

"Since December, CryptoLogic has launched 11 new customer sites, and we have four more in the pipeline - including two for Holland Casino, and one for World Poker Tour. With the confidence of huge global brands, good growth from our European base and encouraging progress in Asia, CryptoLogic’s outlook improves every day," he concluded.

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