NYX Gaming Group’s full-year results showed that the company has succeeded in returning faltering businesses to growth. Now it needs to deliver a profit.

“Outstanding and remarkable” was how NYX chief executive Matt Davey described his company’s 2015. He’s got a point. Revenue almost doubled, up 91.8 per cent to CAD$52.3m, while gross profit was up 86.0 per cent to $44.8m.

Crucially, the supplier has been able to integrate and grow a number of acquired businesses. Companies such as Chartwell and Cryptologic, which were previously viewed as distressed, unwanted assets, saw revenue grow and losses decline over the year.

Premium subscribers continue here to the full article.

 

Related