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Positive start to 2012 for Cherry after online gaming growth

9th May 2012 9:19 am GMT

Shares in Sweden’s Cherryföretagen soared by more than 8 per cent this morning after the company reported a 22 per cent increase in revenues to SEK119.1m ($17.4m) for the first quarter of 2012, more than half of which was generated by the company’s growing online gaming business.

 

Revenues from online gaming increased by 38 per cent to SEK67.6m, with “stable” results generated from the company’s NorgesAutomaten, SverigeAutomaten and DanmarksAutomaten gaming sites. [...]

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