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CryptoLogic turnaround sees revenues & profit rise in 2011

8th March 2012 7:42 am GMT

Online casino games supplier CryptoLogic has reported its first year-on-year annual increase in revenues in six years after posting a 5 per cent improvement in revenues to US$27.3m for 2011.

CryptoLogic said that there was a “significant” turnaround for the company in 2011 resulting from a continued focus on increasing revenues and maintaining tight controls over costs following the restructuring programme initiated in August 2010.

As a result, the company recorded its first annual increase in revenues [...]

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