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MRG posts lower profit in Q2 as marketing expenses climb

20th July 2018 10:39 am GMT

Shares in Stockholm-listed iGaming operator MRG fell sharply Friday morning after the company reported lower earnings for the second quarter, despite revenue growth of 43.4 per cent.

The company formerly known as Mr Green & Co. posted second quarter revenue of SEK412.8m, a gain of 43.4 per cent year-on-year, with organic growth of 31.1 per cent. The organic growth rate falls to 26.7 per cent when excluding currency exchange factors.

EBITDA for the period amounted to SEK45.4m, [...]

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