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Cherry shares soar as online gaming growth leads return to profit

10th November 2015 10:00 am GMT

Swedish gaming operator Cherry has ended a long run of quarterly losses by posting a SEK12.1m net profit for the third quarter of the year, aided by strong growth in its online gaming business which contributed 72 per cent of group revenue.

Cherry saw total revenue increase by 71 per cent to SEK154.1m during Q3, with the online business contributing SEK107.6m of the total, an increase of 131 per cent year-on-year.

Revenue growth across all business segments saw the company [...]

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