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GiG shares hit new 52-week low as impairment charges weigh on bottom line

11th February 2019 9:09 am GMT
Gaming Innovation Group

Oslo-listed Gaming Innovation Group (GiG) has recorded a net loss of €16.1m for the final quarter of 2018 after incurring impairment charges of €13.7m relating to four of its B2C brands.

The company said that its Q4 revenue of €39.9m was in line with the same quarter last year, which included a €2.0m one-off settlement fee. Excluding that fee, revenue would have climbed by 5 per cent year-on-year.

While B2B revenue fell by 9 per cent to €16.4m [...]

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