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CryptoLogic acclaims first quarterly profit in three years

11th August 2011 7:55 am GMT

Online casino and games developer CryptoLogic Limited has reported a 4 per cent increase in total revenues to US$7.0m for the second quarter of 2011, with a reduction in expenses helping the company to record its first quarterly profit in more than three years.

CryptoLogic also reported its first year-on-year revenue growth since Q2 2008, as revenues benefited from a reduction of $0.8m in liabilities previously provided against revenue through the resolution of a dispute with [...]

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