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.
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